Buy Gold Dec 2021 @ 47400 SL 47200 TGT 47700-47900.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 47409-47991.
Gold prices dropped ahead of a crucial Fed meeting that could offer cues on future interest rate hikes amid rising inflationary pressures.
The Fed is expected to approve plans to scale back its bond-buying programme on Wednesday, when it concludes a two-day policy meeting.
Markets will also be watching the BOE policy meeting on Thursday as investors weigh chances of the first interest rate hike.
China's Jan – Sept gold consumption up 48.4% y/y at 813.59 T
BUY GOLD DEC 2021 @ 47400 SL 47200 TGT 47700-47900.MCX
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