Buy at :$2320-$2335🔺
Sell at" $2360-$2375🔻
The price of gold hovers close to $2,330, maintaining its position following a marginal decrease on Thursday. The momentum of the US Dollar shows signs of diminishing, lending support to the downside of gold. Market participants are keeping an eye on forthcoming US economic indicators and speeches from the Federal Reserve for insights into policy direction. During Thursday's Asian trading session, gold experienced a decline due to the strengthening of the US Dollar and an increase in US yields. Traders are awaiting the release of US Core Price Index and closely monitoring geopolitical tensions in the Middle East to gauge market sentiment.
As predicted, the buying range of $2325 was achieved earlier on 30-5-24 at 10:00 hrs, followed by a correction to $2340.96
cmp $2349.56 31-5-24 at 18:06 hrs