17-05-2024 11:30 AM | Source: Kedia Advisory
Sell Gold Jun @ 73100 SL 73300 TGT 72850-72650. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 72460-73530.
Gold settled flat as investors digested mixed economic data from the US.
Initial jobless claims fell roughly in line with forecasts, import and export prices rose more than anticipated.
Stalling retail sales and previously soft labour data boded well for less restrictive Fed stance.
Investors are now betting on more than a 70% chance of a Fed rate reduction in September.
SELL GOLD JUN @ 73100 SL 73300 TGT 72850-72650. 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
Britannia Industries trades higher on the BSE
The Thrill and Freedom of Solo Travel: Embracing the...
Neutral SBI Cards and Payment Services Ltd For Targe...
Hyundai Motor India declines on reporting 16% fall i...
Retail inflation breaches RBI?s tolerance level, soa...
Rupee weakens against US dollar on Wednesday
Buy Marico Ltd For Target Rs.750 By Motilal Oswal Fi...
Quote on CPI data by Vinit Bolinjkar- Head of Resear...
PFC moves up as its arm incorporates wholly owned su...
ACME Solar Holdings lists with 10% discount on the BSE