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Buy Gold APR 2022 @ 47900 SL 47700 TGT 48160-48280.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47493-48343.
Gold settled flat pressured by a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data bolstered the case for rate hikes by the Federal Reserve.
The ECB set a more hawkish tone in its last meeting and the BoE raised rates as expected this month.
Fed's Barkin says rates should move to pre-pandemic levels, then assess next steps
Top Asian hubs saw muted demand for physical gold in the wake of Lunar New Year holidays, while demand slightly improved in India
BUY GOLD APR 2022 @ 47900 SL 47700 TGT 48160-48280.MCX
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