Buy Gold Oct 2022 @ 50000 SL 49800 TGT 50250-50400.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 49627-50829.
Gold prices fell prompted by a stronger dollar, after a hotter-than-expected inflation print pushed bets of more jumbo rate hikes by the Fed.
US 10-Year treasury yield breaks above 3.4%
The US annual inflation rate eased to 8.3% in August from 8.5% in July, above market expectations of 8.1%.
In Europe, investors bet the ECB will continue to rise borrowing costs sharply
BUY GOLD OCT 2022 @ 50000 SL 49800 TGT 50250-50400.MCX
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