Buy Gold Jun 2022 @ 50600 SL 50400 TGT 50900-51100.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50111-51243.
Gold climbed higher as data showed the annual rate of U.S. consumer price growth slowed by less than expected in the month of April.
Both core and headline inflation rates declined less than expected in April, remaining close to four-decade highs
As 50 basis point increases in the fed funds rate are on the table during the next two policy meetings in June and July
Investors are increasingly betting the ECB will start raising borrowing costs in July.
BUY GOLD JUN 2022 @ 50600 SL 50400 TGT 50900-51100.MCX
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