Buy Gold Jun 2022 @ 51500 SL 51250 TGT 51850-52100.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50788-52418.
Gold dropped as a stronger dollar and rising Treasury yields dented the precious metal's appeal.
Fed's Mester: I would support a 50 bps rise in May and a few more after.
Investors expect the Federal Reserve to raise rates by 50 bps at the May meeting, followed by even bigger hikes in subsequent months
The downside remained capped somewhat as a spike in Covid cases in Beijing sparked worries about the implementation of more stringent restrictions
BUY GOLD JUN 2022 @ 51500 SL 51250 TGT 51850-52100.MCX
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