Buy Gold Aug 2022 @ 50600 SL 50300 TGT 50950-51200.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50099-51313.
Gold steadied as investors continued to assess what the larger-than-expected increase in employment in June would do for the Fed’s rate hike plans after July
Fed’s Christopher Waller and James Bullard, backed raising interest rates by another 75 basis points this month to curb red-hot inflation.
The European Central Bank is also set to start raising borrowing costs this month and is expected to accelerate its policy tightening
India demand improves, China buyers wary of fresh lockdowns
BUY GOLD AUG 2022 @ 50600 SL 50300 TGT 50950-51200.MCX
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