Buy Gold Dec 2022 @ 49800 SL 49600 TGT 50300-50500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49709-50531.
Gold prices eased dragged down by haven demand for the dollar amid concerns that tightening monetary conditions would tilt the global economy into a recession.
Fed's Bullard: We are at a higher risk of recession, but that is not the base case at this time.
Fed's Bostic backs 75 – basis – point hike in November, smaller rise in December
BOE said it would purchase bonds in a bid to stabilize its financial markets, sending the dollar lower while pushing the metal higher.
BUY GOLD DEC 2022 @ 49800 SL 49600 TGT 50300-50500.MCX
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