09-07-2021 09:43 AM | Source: Kedia Advisory
Buy Gold Oct 2021 @ 47400 SL 47100 TGT 47750-47900.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 47297-47561.

Gold eased as the dollar firmed, but renewed bets that the U.S. Federal Reserve may go slow on unwinding its pandemic-driven economic support measures

Labor Department data showed U.S. non-farm payrolls increased by 235,000 jobs last month, far below expectations of 728,000.

Fed Chair Powell hinted last month that strong jobs recovery was a pre-requisite for the central bank to start paring back its asset purchases.

India's August gold imports nearly double on price correction

BUY GOLD OCT 2021 @ 47400 SL 47100 TGT 47750-47900.MCX

 

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