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Buy Gold Apr 2022 @ 51100 SL 50800 TGT 51500-51650.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50694-52292.
Gold dropped as dollar strengthened after Fed’s Powell that opened the door for the central bank to take a more aggressive monetary policy path.
Fed Powell said the central bank must move "expeditiously" to bring too-high inflation under control.
Atlanta Federal Reserve Bank President Raphael Bostic said he sees six rate hikes this year and two for 2023
Investors are now focused on the potential speed and size of future rate hikes.
BUY GOLD APR 2022 @ 51100 SL 50800 TGT 51500-51650.MCX
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