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Buy Gold Jun 2022 @ 50900 SL 50650 TGT 51250-51500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50728-51460.
Gold prices extended gains as a sell-off in dollar and stock markets bolstered bullion's safehaven appeal.
Losses in dollar underpins gold prices, with risk appetite improving worldwide and hurting dollar demand.
Risk appetite improved as China loosens up restrictions as Covid 19 infections decline, while investors have completely priced in future US rate hikes.
Fed could cut rates in 2023, 2024 once inflation under control – Bullard
BUY GOLD JUN 2022 @ 50900 SL 50650 TGT 51250-51500.MCX
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