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
Centre completes auction of 3 coal blocks, to yield ...
Quick commerce workforce expansion to surge by 60 pc...
India`s foreign exchange reserves stand at $657.89 b...
Haryana Minister urges Korean entrepreneurs to inves...
SEBI prohibits online platforms to solicits and sale...
Evening Roundup : A Daily Report on Bullion Energy &...
Divesting Chrome web browser to have a profound impa...
Engineering goods exports shoot past $10 bn in Oct, ...
BJP leader Kailash Gahlot meets BJP National Preside...
Advent agrees to sell Indian packaging firm to PAG f...