Buy Gold Aug 2023 @ 58000 SL 57800 TGT 58300-58500. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 57590-58620
Gold gains as dollar was slightly lower as investors digest slowing PCE inflation
The Fed's preferred inflation gauge rose 0.3% mom, in line with forecasts and below 0.4% in April.
Fed Powell pledged that interest rates will rise again this year
Physical gold dealers in China charged the heftiest premiums in over three months
BUY GOLD Aug 2023 @ 58000 SL 57800 TGT 58300-58500. MCX
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