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2023-12-08 09:47:20 am | Source: Kedia Advisory
SELL GOLD FEB @ 62600 SL 62800 TGT 62300-62100. MCX - Kedia Advisory
SELL GOLD FEB @ 62600 SL 62800 TGT 62300-62100. MCX - Kedia Advisory

Gold

Observations

Gold trading range for the day is 61960-62990.

Gold steadied buoyed by a weakness in the dollar and Treasury yields

U.S. labor market appears to stabilize as the number of America workers applying for first-time unemployment benefits remains roughly unchanged

Investors awaiting crucial U.S. payrolls data that could help ascertain the Federal Reserve's interest rate trajectory.

China's gold reserves rose to $145.7 billion by the month's end, up from $142.17 billion at the close of October.

SELL GOLD FEB @ 62600 SL 62800 TGT 62300-62100. MCX

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