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Buy Gold Jun 2022 @ 50800 SL 50600 TGT 51150-51350.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50597-51567.
Gold prices retreated as a firmer dollar and elevated U.S. Treasury yields weighed on the appeal of non-yielding bullion.
The dollar surged to a two-decade high on growing concerns over slowing economic growth and U.S. interest rate hikes.
Two of the Federal Reserve's policy hawks pushed back on the view that the U.S. central bank missed the boat on the fight against stubborn inflation.
Investors continued to bet on further Federal Reserve monetary tightening to bring decades-high inflation under control.
BUY GOLD JUN 2022 @ 50800 SL 50600 TGT 51150-51350.MCX
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