Buy Gold Aug 2021 @ 49000 SL 48750 TGT 49350-49550.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 48457-49633.
Gold prices reversed early losses to edge up after data showed U.S. consumer prices increased more than expected last month.
Investors also took stock of the European Central Bank policy decision to continue to run its emergency bond purchases at a higher pace than at the start of the year.
Data showed U.S. consumer prices increased further in May as the coronavirus pandemic’s easing grip on the economy continued to boost domestic demand.
Weekly jobless claims also dropped to their lowest level in nearly 15 months.
BUY GOLD AUG 2021 @ 49000 SL 48750 TGT 49350-49550.MCX
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