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24/05/2023 10:46:18 AM | Source: Kedia Advisory
Buy Gold Jun 2023 @ 60100 SL 59850 TGT 60350-60550. MCX - Kedia Advisory
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Buy Gold Jun 2023 @ 60100 SL 59850 TGT 60350-60550. MCX - Kedia Advisory

Gold 

Observations

Gold trading range for the day is 59550-60570

Gold dropped as the dollar index edged higher to 103.5

Comments from several Fed officials raised expectations ofprolonged higher interest rates.

Fed’s Bullard suggested the possibility of raising rates by anotherhalf-point this year

Fed's Kashkari described the decision to pause or hike rates inJune as a close call.

BUY GOLD Jun 2023 @ 60100 SL 59850 TGT 60350-60550. MCX

 

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