Buy Gold Oct 2022 @ 51300 Sl 51100 Tgt 51580-5175.Mcx - Kedia Advisory
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GOLD
Gold trading range for the day is 50743-51619.
Gold dropped as expectations of more interest rate hikes by the Fed fuelled a rally in dollar and took shine off bullion.
Dollar scales more than 1-month peak
Yields on the U.S. 10-year treasuries recovered, increasing pressure on gold
The Fed will raise rates by 50 basis points in September amid expectations inflation has peaked and growing recession worries.
BUY GOLD OCT 2022 @ 51300 SL 51100 TGT 51580-5175.MCX
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