Buy Gold Oct 2022 @ 50450 SL 50250 TGT 50700-50850.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 50194-50998.
Gold gains tracking a dollar fall, amid expectations that US inflation has slowed once again in August
ECB is expected to continue to push borrowing costs higher, with sources telling the key rate will need to rise to at least 2% if inflation persists.
Markets eyed U.S. inflation data for further clues on Federal Reserve rate hikes
Markets have ramped up their expectations for a 75 basis point (bp) Fed hike this month to more than 90%.
BUY GOLD OCT 2022 @ 50450 SL 50250 TGT 50700-50850.MCX
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