Buy Gold Aug 2022 @ 50150 SL 50000 TGT 50500-50700.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50062-50618.
Gold steadied after several Federal Reserve officials said that the U.S. central bank will likely stick to its decision for a 75-bps rate hike this month.
The dollar was also pressured by new reports suggesting that ECB policymakers will discuss whether to raise rates by 25 or 50 points.
Eurostat data showed that the region's inflation accelerated as estimated in June to set a fresh record high
In the U.K., stronger-than-expected U.K. jobs data heightened fears of more interest-rate hikes.
BUY GOLD AUG 2022 @ 50150 SL 50000 TGT 50500-50700.MCX
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