Buy Gold Dec 2022 @ 50050 SL 49900 TGT 50250-50400.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49728-50728.
Gold dropped as the dollar rose buoyed by a sharp rise in Treasury yields, after Fedsignaled U.S. interest rates will likely peak above where investors currently expect
The Fed raised its benchmark funds rate by 75 basis points (bps) to 3.75-4% as widelyexpected.
Fed's Powell: 'Soft landing' chances have narrowed
Fed's Powell: 'Ultimate level' of rates likely higher than earlier estimates
BUY GOLD DEC 2022 @ 50050 SL 49900 TGT 50250-50400.MCX
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