Buy Gold Dec 2022 @ 50250 SL 50050 TGT 50500-50600.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50188-50658.
Gold prices remained in range as the UK’s decision to reverse unfunded tax cuts lifted market sentiment, easing demand for the safe-haven US dollar
Still, expectation of tighter monetary policy by the Federal Reserve remained prevalent and capped gold’s rebound.
US Federal Reserve officials signaled readiness to raise interest rates higher than previously planned
St. Louis Fed President Bullard backing a frontload in the central bank’s hiking path.
BUY GOLD DEC 2022 @ 50250 SL 50050 TGT 50500-50600.MCX
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