Buy Gold Feb 2023 @ 54150 SL 54000 TGT 54350-54450.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 53831-54649.
Gold steadied as several central banks signalled that more rate hikes are needed to curb inflationary pressures.
Fed Chair Powell said the U.S. central bank will deliver more interest rate hikes next year, despite growing recession worries.
ECB raised its policy rate by 50 basis points and signaling more increases in an effort to bring inflation down to sustainable levels.
Indian gold dealers offered bigger discounts to attract consumers who delayed purchases due to a spike in prices
BUY GOLD FEB 2023 @ 54150 SL 54000 TGT 54350-54450.MCX
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