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Buy Gold Jun 2022 @ 51000 SL 50800 TGT 51300-51500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50629-51895.
Gold rose as investors sought cover from soaring inflation, with extending gains after the U.S. Fed signalled a relatively less hawkish stance
Investors continued to bet on further Federal Reserve monetary tightening to bring decades-high inflation under control.
Fed Chair Jerome Powell added the bank was not considering a 75 basis-point move in the future.
The physical gold market in India flipped to a premium as a price dip helped drive demand in the run up to the Akshaya Tritiya festival
BUY GOLD JUN 2022 @ 51000 SL 50800 TGT 51300-51500.MCX
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