Buy Gold Aug 2022 @ 51100 SL 50900 TGT 51380-51500.MCX - Kedia Advisory
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GOLD
* Gold trading range for the day is 50573-51689.
* Gold prices rose as dismal US economic data spooked investors away from the greenback.
* The ADP report showed that US companies added the fewest number of jobs since the pandemic recovery began
* The U.S. policymakers have signalled a 50 basis point interest rate rise this month and next, the outlook beyond that is uncertain.
* The Fed already walks a tight rope as it rein in historic inflation while not causing a recession.
BUY GOLD AUG 2022 @ 51100 SL 50900 TGT 51380-51500.MCX
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