2024-12-13 12:16:48 pm | Source: Kedia Advisory
Sell Gold Feb @ 78100 SL 78300 TGT 77900-77700. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 76885-79575.
Gold dropped as markets assessed a batch of economic data for hints on the Fed’s policy outlook next year.
US Weekly Jobless claims increased to 242K in the first week of December, from an upwardly revised 225K in the previous week
The latest report by the World Gold Council is projecting a more modest growth for the precious metal in 2025.
ECB lowered its benchmark interest rate for the fourth consecutive time to 3% from the previous 3.25% level as widely expected.
SELL GOLD FEB @ 78100 SL 78300 TGT 77900-77700. MCX
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