05-06-2021 11:38 AM | Source: Kedia Advisory
Buy Gold Jun 2021 @ 46800 SL 46550 TGT 47100-47350.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 46503-47295.

Gold settled higher as the dollar turned easy after U.S. Secretary Janet Yellen clarified that she was neither predicting nor recommending a rate hike.

The Federal Reserve’s bond buying does not appear to be creating imbalances in the financial sector, New York Fed Bank President John Williams said.

China's 2021 gold demand seen reverting to pre – pandemic levels – WGC official

China's Q1 gold consumption jumps 93.9% y/y on robust demand – association

BUY GOLD JUN 2021 @ 46800 SL 46550 TGT 47100-47350.MCX

 

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