26-12-2023 01:10 PM | Source: Kedia Advisory
SELL GOLD FEB @ 63100 SL 63300 TGT 62800-62600. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 62385-63565.
Gold rose as latest US data supported bets of early monetary easing by the Fed in 2024.
US PCE prices unexpectedly declined by 0.1% mom in November, contrary to market forecasts of a flat reading.
Coupled with the previous revision of the country's Q3 GDP, the readings solidified hopes for the first rate cut by the Fed in March.
Physical gold demand in India fell sharply due to high domestic prices, forcing dealers to quote steeper discounts
SELL GOLD FEB @ 63100 SL 63300 TGT 62800-62600. MCX
To Read Complete Report & Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Unbelievable scenes! Jam-packed Mumbai awaits team I...
Market Explorer - July 2024 by Religare Broking Ltd
HDFC Bank`s June-quarter gross advances down 0.8% se...
Zomato relaunches `Intercity Legends` service with m...
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 ...
Government slashes licence fee for women entrepreneu...
Die-hard fans wave tricolours as team India reaches ...
Residential Prices in Bengaluru See 57% 5-Year Jump,...
``It won`t let you down?``Tahira Kashyap Khurrana as...
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...
Tag News
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 - Axis Securities Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 July 2024 - Geojit Financial Services Ltd
Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve Chair Jerome Powell - HDFC Securities
Buy Turmeric Aug @ 15900 SL 15600 TGT 16300-16600. NCDEX - Kedia Advisory