SELL GOLD FEB @ 62500 SL 62750 TGT 62200-62050. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 62145-62745.
Gold steadied on expectations of rate cuts by the Federal Reserve in 2024
Fed officials bolstered the case for a US interest rate cut in March as markets now await a batch of crucial US data this week.
Fed Atlanta President Rafael Bostic said he expects two potential interest rate cuts in the second half of next year
Fed Barkin said the Fed's ability to cut interest rates will depend on the performance of the US economy.
SELL GOLD FEB @ 62500 SL 62750 TGT 62200-62050. MCX
