Buy Gold Aug @ 50300 SL 50100 TGT 50600-50850.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 50207-50919
Gold dropped as investors opted for the dollar as a hedge against surging inflation and recession risks over the metal.
Fed’s Bostic said that the lack of month-to-month improvement in the pace of price increases warrants another 75 basis point rate hikes later this month.
Fed’s George warned against abrupt changes in rates that could stress the economy and financial markets.
Geopolitical risks may limit downside losses in gold
BUY GOLD AUG 2022 @ 50300 SL 50100 TGT 50600-50850.MCX
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