Buy Gold Jun 2021 @ 47400 SL 47200 TGT 47750-47950.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 46969-48345.
Gold prices fell weighed by rising U.S. Treasury yields, but the decline was capped by a weaker dollar
Fed officials would like to see higher inflation, more wage growth and several months of strong employment gains before they consider adjusting monetary policy
The yield on 10-year Treasury notes rose to as much as 1.631%, increasing the opportunity cost of holding non-interest bearing bullion.
Investors were also awaiting the U.S. consumer price index for April, due on Wednesday, to gauge if the Federal Reserve will begin to alter its stance on inflation.
BUY GOLD JUN 2021 @ 47400 SL 47200 TGT 47750-47950.MCX
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