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GOLD

Gold trading range for the day is 50923-51331.

Gold prices inched higher as the dollar resumed its slide and yields on government bonds retreated from their 2022 highs.

U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services

India’s dealers were offering a discount of up to $5 an ounce over official domestic prices, down from the last week's discount of $2.

Speculators raised their net long COMEX gold position in the week to May 24, data showed.

BUY GOLD AUG 2022 @ 50950 SL 50750 TGT 51250-51400.MCX

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