13-05-2024 11:37 AM | Source: Kedia Advisory
Sell Gold Jun @ 72900 SL 73100 TGT 72650-72450. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 70575-72245.
Gold gains as weak U.S. employment figures fuelled bets of interest rates cuts by Fed.
The number of Americans filing new claims for unemployment benefits increased more than expected last week.
Demand for physical gold was much lower than usual during a key festival in India, as near-record high prices deterred retail buyers.
CME's FedWatch Tool, traders are currently pricing in about a 69% chance of a Fed rate cut in September.
SELL GOLD JUN @ 72900 SL 73100 TGT 72650-72450. 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
Bangladesh to receive $900 mn World Bank financing f...
Foreign portfolio investors bullish on Indian market...
28 Indian startups raised over $800 mn in funding th...
India's innovation ecosystem poised for exponential ...
FM Nirmala Sitharaman holds pre-Budget meeting with ...
Centre approves Rs 13,595 crore to evacuate green en...
Atal Pension Yojana adds record 12.2 million new mem...
FMCG sales growth in rural areas to outstrip urban m...
Weekly Market Analysis : The markets continued to co...
India's youth greatest asset, time to build human ca...