Sell Gold JUN @ 71300 SL 71500 TGT 71000-70800. MCX

2024-05-08 11:07:00 am | Source: Kedia Advisory

Sell Gold JUN @ 71300 SL 71500 TGT 71000-70800. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 70685-71635.

Gold steadied as investors awaited more comments from Fed for further clarity on interest rate cuts.

Fed’s Barkin said the current interest rate level should cool the economy enough to return inflation to the central bank's 2% target.

Investors awaited more comments from Federal Reserve officials for further clarity on the timeline for potential interest rate cuts

China's central bank adds more gold to its reserves in April

SELL GOLD JUN @ 71300 SL 71500 TGT 71000-70800. MCX

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Sell Gold JUN @ 71300 SL 71500 TGT 71000-70800. MCX - Kedia Advisory

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