05-05-2022 11:25 AM | Source: Kedia Advisory
Buy Gold Jun 2022 @ 50600 SL 50300 TGT 50900-51100.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 50319-50975.

Gold dropped as impending interest rate hikes from Fed sparked a rally in the dollar, which, in turn, spooked investors away from the metal.

Still, the ongoing conflict between Russia and Ukraine and broadening inflationary pressures lifted the safe-haven bids for the precious metal.

U.S. private payrolls growth slows in April – ADP

Gold sales rebounded on Akshaya Tritiya after remaining subdued for past two years due to Covid-19

BUY GOLD JUN 2022 @ 50600 SL 50300 TGT 50900-51100.MCX

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