Buy Gold Aug 2022 @ 50100 SL 49900 TGT 50350-50500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49822-50854.
Gold dropped remaining under pressure from a rallying dollar and Treasury yields as investors brace for an even more aggressive monetary policy tightening.
Producer prices in the US increased 0.8% mom in May of 2022, following a 0.4% rise in April and matching forecasts.
25% of central banks to boost gold holdings amid global uncertainty
Gold discounts in India were stretched to their highest level in seven weeks as higher prices repelled demand
BUY GOLD AUG 2022 @ 50100 SL 49900 TGT 50350-50500.MCX
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