10-01-2024 12:09 PM | Source: Kedia Advisory
Sell GOLD FEB @ 62300 SL 62500 TGT 62000-61800. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 61885-62635.
Gold prices rose as traders reassessed interest rate cut expectations from Fed
Consumers expect lower inflation this year, dampening expectations for an early policy easing in the U.S.
China increased its gold reserves for a 14th consecutive month in December
U.S. rates futures price in about 58% chance of March rate cut
SELL GOLD FEB @ 62300 SL 62500 TGT 62000-61800. MCX
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