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11-01-2021 10:43 AM | Source: Kedia Advisory
Buy Gold Dec 2021 @ 47400 SL 47150 TGT 47750-47900.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 47092-48216.

Gold prices fell weighed by rising U.S. bond yields and a stronger dollar

Data showed U.S. consumer spending increased solidly in September but was partly flattered by higher prices as inflation remained hot.

Data showed inflation stayed hot last month put the focus back on the Federal Reserve’s policy meeting next week

Physical gold was selling at a premium in India as consumers flocked to retailers ahead of big festivals, while premiums in top consumer China dropped.

BUY GOLD DEC 2021 @ 47400 SL 47150 TGT 47750-47900.MCX

 

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