Buy Gold Aug 2021 @ 47750 SL 47550 TGT 47950-48100.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47314-48100.
Gold prices eased as the U.S. dollar strengthened as investors await U.S. inflation data and Fed Chair Jerome Powell's semi-annual Congressional testimony.
Concerns over the rapid rise of the Delta variant of the coronavirus and the slow pace of vaccinations offered some respite to the precious metal.
ECB's Kazimir says revamped strategy will not allow entrenched low inflation.
Physical gold demand in India and other major hubs weakened as consumers were put off by a rise in the yellow metal's price.
BUY GOLD AUG 2021 @ 47750 SL 47550 TGT 47950-48100.MCX
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