05-08-2024 11:50 AM | Source: Kedia Advisory
Sell Gold Oct @ 70000 SL 70250 TGT 69700-69500. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 68360-71680.

Gold dropped on profit booking after prices amid weak US jobs report

The US economy added a net 114,000 jobs in July, well below market expectations of a 175,000 increase.

The unemployment rate unexpectedly rose to 2021-highs and wage growth slowed more than markets expected

Central bank gold holdings continue to rise, up 6%, year-on-year, in the second quarter - WGC

 

SELL GOLD OCT @ 70000 SL 70250 TGT 69700-69500. MCX

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