Buy Gold Jun 2022 @ 52650 SL 52250 TGT 53100-53350.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 52126-53376.
Gold rose after the latest US inflation report showed prices paid by Americans surged 8.5% yoy in March, the most since 1981
Support also seen after core CPI figures came below forecasts, increasing expectations the inflation peak has been reached.
Still, the greenback remains close to levels not seen in 2 years as the inflation will probably not recede to the central bank’s 2% target anytime soon
Cleveland Fed's Mester says inflation elevated through 2023 but trajectory will fall
BUY GOLD JUN 2022 @ 52650 SL 52250 TGT 53100-53350.MCX
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