Buy Gold Oct 2022 @ 49750 SL 49500 TGT 50100-50350.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 48969-50691.
Gold prices rallied after Japan intervened to prop up the yen for the first time since 1998
The Federal Reserve delivered a 75bps hike while signaling larger increases in the next few months.
The US 10-year Treasury note yield briefly broke above the 3.61% mark for the first time since April 2011
ECB’s President Lagarde said that the ECB might need to raise interest rates to restrictive levels to stem demand and combat surging inflation.
BUY GOLD OCT 2022 @ 49750 SL 49500 TGT 50100-50350.MCX
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