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Buy Gold DEC 2021 @ 47250 SL 47000 TGT 47500-47650.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47191-47703.
Gold prices dipped slightly on elevated U.S. Treasury yields, but there was some support from concerns over persistently higher inflation
Fed's Mester: 3Q GDP will be weaker than the 1H, but we still expect the US GDP to grow 5% to 6% this year.
Fed's Mester: Inflation readings will come back down next year, if this doesn't happen, we will need to reassess
Fed's Quarles: We may need to reassess the policy if inflation is 4% in the spring.
BUY GOLD DEC 2021 @ 47250 SL 47000 TGT 47500-47650.MCX
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