Buy Gold Feb 2023 @ 53600 SL 53400 TGT 53850-53950.MCX

7/12/2022 10:54:05 AM | Source: Kedia Advisory

Buy Gold Feb 2023 @ 53600 SL 53400 TGT 53850-53950.MCX - Kedia Advisory

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GOLD

Gold trading range for the day is 53314-54158.

Gold gained as investors reassessed the outlook for monetary policy and growth.

Surprisingly upbeat US economic data, dashed hopes for a Fed pivot while prompting bets on a higher terminal rate.

Investors also took stock of easing COVID restrictions in top bullion consumer China.

India’s trade ministry is discussing a reduction in import taxes on gold to rein in illegal shipments.

BUY GOLD FEB 2023 @ 53600 SL 53400 TGT 53850-53950.MCX

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Buy Gold Feb 2023 @ 53600 SL 53400 TGT 53850-53950.MCX - Kedia Advisory

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