Buy Gold DEC 2021 @ 48050 SL 47800 TGT 48380-48500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47674-48562.
Gold prices rose due to a softer dollar as increasing inflation concerns bolstered bullion's safe-haven appeal.
Fed’s Powell's said that inflation could ease next year and the central bank was on track to start tapering its stimulus.
Powell said it was not time for the Fed to raise interest rates, especially given employment was still low.
Speculators cut their net long positions in gold in the week to Oct. 19, U.S. Commodity Futures Trading Commission data showed.
BUY GOLD DEC 2021 @ 48050 SL 47800 TGT 48380-48500.MCX
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