04-01-2024 10:29 AM | Source: Kedia Advisory
Sell Gold Feb @ 62700 SL 62900 TGT 62400-62200. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 61830-63680.

Gold dropped as the dollar rose ahead of U.S. labor market data and FOMC meeting minutes

Risk-off mood prevailed in financial markets as doubts emerged over just when the Fed plan to begin trimming rates in 2024.

Futures markets see a 70% chance of a 25 basis points rate cut at the March meeting, according to CME's FedWatch Tool.

China's net gold imports via Hong Kong rose about 37% in November from the previous month

SELL GOLD FEB @ 62700 SL 62900 TGT 62400-62200. MCX

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