17-05-2024 11:30 AM | Source: Kedia Advisory
Sell Gold Jun @ 73100 SL 73300 TGT 72850-72650. MCX - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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