Buy Gold AUG 2021 @ 49250 SL 49000 TGT 49550-49700.MCX - Kedia Advisory
GOLD
Gold trading range for the day is 49081-49573.
Gold firmed as the U.S. dollar headed for a second month of decline, while growing inflationary pressures also lifted bullion's appeal.
Data showed U.S. consumer prices surged in April and boosted bullion's appeal as an inflation hedge.
Investors' focus this week will be on U.S. payrolls data on Friday, with median forecasts suggesting they will show an increase of 650,000
Physical gold demand in second-biggest bullion consumer India was negligible with most jewellery stores still shut by COVID-19 lockdowns
BUY GOLD AUG 2021 @ 49250 SL 49000 TGT 49550-49700.MCX
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