Buy Gold Aug 2021 @ 48100 SL 47900 TGT 48400-48600.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47760-48638.
Gold jumped after U.S. Fed Chair Powell reassured investors that the central bank would continue its accommodative monetary policy despite a recent spike in inflation readings.
Powell’s comments come after data showed U.S. consumer price index (CPI) and U.S. producer prices surging last month.
Fed’s Powell says economy ‘a ways off’ from bond taper
U.S. consumer prices rose by the most in 13 years in June
BUY GOLD AUG 2021 @ 48100 SL 47900 TGT 48400-48600.MCX
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