Buy Gold Jun 2022 @ 50000 SL 49700 TGT 50350-50600.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49614-51226.
Gold dropped as investors flocked to the dollar driven by bets the U.S. Federal Reserve will stick to aggressive rate hikes
Declines in gold were, however, capped by a slide in the benchmark 10-year Treasury yields, which hit the lowest level in two weeks.
Bullard: April inflation 'hot' but does not see 75 bp Fed rate increase 'for now'
Fed Bullard, repeated that he feels the Fed will need to keep moving in those half-point increments for the remainder of 2022
BUY GOLD JUN 2022 @ 50000 SL 49700 TGT 50350-50600.MCX
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