06-10-2022 11:28 AM | Source: Kedia Advisory
Buy Gold Aug 2022 @ 50800 SL 50600 TGT 51100-51250.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 50652-51312.

Gold prices dropped as elevated U.S. Treasury yields dented bullion's appeal

Investors brace for US inflation data that could guide the Federal Reserve’s rate hike timeline

ECB said it will raise interest rates by 25bps in July, and left the door open for a more aggressive hike in September

Gold demand to falter as Chinese buying weakens

BUY GOLD AUG 2022 @ 50800 SL 50600 TGT 51100-51250.MCX

 

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