Buy Gold February 2023 @ 53750 SL 53550 TGT 54000-542500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 53575-54239.
Gold gains as prospects of a slowdown in Fed tightening and concerns about the US economy spooked investors away from the greenback.
Money markets are pricing an almost 80% odd that the US central bank will hike rates by 50 basis points in December
Physical gold demand stalled in India on higher prices, while premiums fell in top consumer China
India’s trade ministry is discussing a reduction in import taxes on gold to rein in illegal shipments.
BUY GOLD FEB 2023 @ 53750 SL 53550 TGT 54000-542500.MCX
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