2023-12-26 01:10:24 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
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Food prices to rise further globally if West Asia cr...
Delivering around 28 lakh LPG cylinders daily, no sh...
India, South Korea ink pact to boost shipbuilding sk...
Japan sets up special cell to boost FDI flows into I...
Naval Chief outlines INS Taragiri as emblem of advan...
China`s AI growth raises security, economic concerns
India`s passenger vehicle, tractor sectors show robu...
South Korea, France vow closer cooperation in AI, qu...
Telangana aims to become textile capital of South As...
India, Australia launch 'AgriMaitri' talks to co-des...
