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01-01-1970 12:00 AM | Source: Kedia Advisory
Buy Gold Aug 2023 @ 59400 SL 59100 TGT 59750-59900. MCX - Kedia Advisory
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Gold

Observation

Gold trading range for the day is 59270-60100

Gold dropped as annual inflation rate in the US likely fell to 4.1% in May 2023

On a monthly basis, the CPI is projected to increase by 0.2%, easing from a 0.4% rise in April.

Reduced appetite from central banks to bring gold demand down in 2023

Gold ETF demand turns positive in May as investors look for safe-haven assets

BUY GOLD Aug 2023 @ 59400 SL 59100 TGT 59750-59900. MCX

 

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