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Buy Gold Aug 2023 @ 58600 SL 58400 TGT 58900-59100. MCX - Kedia Advisory
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Gold
Observation
Gold trading range for the day is 58160-59140
Gold dropped as Fed will raise rates further this year to fight high inflation.
FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.
The consumer price inflation in the United Kingdom held steady at 8.7 percent in May 2023
The Federal Reserve kept the fed funds rate steady as expected, but signalled further hikes would be necessary.
BUY GOLD Aug 2023 @ 58600 SL 58400 TGT 58900-59100. MCX
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