Buy Gold Aug 2022 @ 51400 SL 51200 TGT 51750-51950.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49929-52683.
Gold prices surged higher as data showing a bigger than expected increase in U.S. consumer price inflation triggered a sell-off in equity
The annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022, the highest since December 1981.
Meanwhile, the ECB will end asset purchases on July 1st, followed by a 25 bps rate hike.
Gold discounts in India were stretched to their highest level in seven weeks as higher prices repelled demand
BUY GOLD AUG 2022 @ 51400 SL 51200 TGT 51750-51950.MCX
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