Buy Gold Feb 2023 @ 54000 SL 53800 TGT 54200-544400.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 53558-54756.
Gold extends losses as central banks become more hawkish
Fed raised the fed funds rate by a more moderate 50 bps but said it could peak higher than anticipated in 2023.
The ECB and the BoE also delivered a half-point increase and indicated that more hikes would probably follow.
Manufacturing production in the United States fell 0.6% from a month earlier in November of 2022, after a 0.3% increase in October
BUY GOLD FEB 2023 @ 54000 SL 53800 TGT 54200-544400.MCX
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