Sell Gold Jun 2021 @ 46950 SL 47100 TGT 46650-46500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 45999-47319.
Gold prices rose as the dollar and U.S. yields dropped and the Federal Reserve's reiteration of its dovish policy stance also lifted bullion's appeal.
Fed meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged
Fed decided to hold interest rates between zero and 0.25% unchanged, and raised its forecast for US GDP growth by 6.5% in 2021 from 4.2% in December.
China’s gold reserves fell to $105.93 billion at the end of March from $109.18 billion at the end-February.
SELL GOLD JUN 2021 @ 46950 SL 47100 TGT 46650-46500.MCX
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