Buy Gold AUG 2021 @ 48800 SL 48600 TGT 49200-49400.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 48623-49443.
Gold settled flat recovering from lows after data showed U.S. consumer prices surged in April and boosted bullion's appeal as an inflation hedge.
An inflation reading preferred by the Federal Reserve showed an acceleration in the pace of price growth but not as much as traders had feared.
Physical gold demand in second-biggest bullion consumer India was negligible with most jewellery stores still shut by COVID-19 lockdowns
China's net gold imports via Hong Kong jumped 219% in April from the previous month
BUY GOLD AUG 2021 @ 48800 SL 48600 TGT 49200-49400.MCX
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