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Gold

Gold trading range for the day is 49838-50660.

Gold dropped as the United States 10-year Treasury yield moved towards the 4.1% mark, the highest since October 2008

Investors fretting about the prospects of a recession from aggressive central bank actions to tame inflation.

Fed’s Kashkari warns that the central bank might need to lift its policy rate above 4.75% if underlying inflation continues to accelerate

IMF now expects the euro area to grow at the weakest pace since 2001, except for the global financial crisis and the acute stage of the coronavirus pandemic

BUY GOLD DEC 2022 @ 50000 SL 49800 TGT 50280-50400.MCX

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