Buy Gold Oct 2022 @ 51200 SL 51000 TGT 51580-51750.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 51061-51899.
Gold prices pared gains after seen supported earlier amid a dip in Treasury yields and growing recession fears
Gold has benefited from a host of dour economic data recently, with a survey showing that factories across globe struggled for momentum
Investors are keeping a close eye on macro-economic indications since Fed Chair Jerome Powell said decisions on future rates will be determined by incoming data.
Traders are also keeping watch on possible escalation in Sino-U.S. tension, with U.S. Speaker Pelosi set to begin a visit to Taiwan amid objections from China.
BUY GOLD OCT 2022 @ 51200 SL 51000 TGT 51580-51750.MCX
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