Buy Gold DEC 2021 @ 47050 SL 46900 TGT 47300-47500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 46780-47894.
Gold prices fell as a rebound in U.S. bond yields and a surprise increase in September retail sales dented the metal’s appeal as a safe-haven asset.
U.S. retail sales unexpectedly increased in September, boosting equities, and extending losses in risk-hedge gold.
The number of Americans filing new claims for unemployment benefits dropped below 300,000 last week for the first time in 19 months.
World Bank expects global growth of 5.7% in 2021, 4.4% in 2022
BUY GOLD DEC 2021 @ 47050 SL 46900 TGT 47300-47500.MCX
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