2026-05-14 11:30:43 am | Source: Kedia Advisory
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
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