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GOLD

Gold trading range for the day is 47045-48011.

Gold prices fell as Fed’s Powell latest comments bolstered expectations for faster monetary policy tightening and overshadowed Omicron-led safe-haven inflows into bullion.

Fed chair Powell doubled down on his hawkish tilt, stating in congress that policymakers will discuss an earlier end to the central bank’s stimulus in the next meeting

Data showed private payrolls increased by 534,000 jobs last month.

Investors now await the U.S. jobs report for November due on Friday that could influence the Fed's rate stance.

BUY GOLD FEB 2022 @ 47350 SL 47050 TGT 47680-47850.MCX

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