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Buy Gold Dec 2022 @ 50100 SL 49900 TGT 50380-50500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49669-51269.
Gold slipped as a stronger U.S. dollar and prospects of more steep rate hikes from the Federal Reserve dented demand.
Data showed U.S. consumer prices increased more-than-expected in September, providing ammunition to the Fed to deliver another big rate hike.
Fed swaps price in peak policy rate of 4.85% in March 2023.
Physical gold buying improved in India as prices cooled, while Chinese premiums stayed elevated amid robust demand
BUY GOLD DEC 2022 @ 50100 SL 49900 TGT 50380-50500.MCX
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