Buy Gold February 2023 @ 53400 SL 53200 TGT 53750-3900.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 52964-54498
Gold dropped after talks as India’s trade ministry is discussing a reduction in import taxes on gold to rein in illegal shipments.
Prospects of a less aggressive tightening from the Federal Reserve spooked investors away from the greenback.
Fed Chair Powell to scale down the pace of rate increases has somewhat overshadowed last week's stronger-than-anticipated US jobs report
Dealers in India were offering a discount of up to $18 an ounce this week over official domestic prices, down from the last week's $21.
BUY GOLD FEB 2023 @ 53400 SL 53200 TGT 53750-3900.MCX
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