Sell Gold JUN @ 163200 SL 164200 TGT 161800-160800. MCX - Kedia Advisory
GOLD
SELL GOLD JUN @ 163200 SL 164200 TGT 161800-160800. MCX
Observations
Gold trading range for the day is 150865-170155.
Gold prices rallied after India has raised import tariffs on gold to 15% from 6%.
Inflows into India's gold ETFs surged 186% year-on-year in the March quarter to a record 20 metric tons
US inflation accelerated to 3.8% in April, the highest since May 2023, while the core rate also exceeded expectations at 2.8%.
BofA Global Research now expects the Fed to remain on hold for the rest of this year, with two 25bp cuts in July and September 2027
More News
SELL KAPAS APR @ 1595 SL 1605 TGT 1585-1575. NCDEX - Kedia Advisory
