Gold trading range for the day is 50539-51083 - Kedia Advisory
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GOLD
Gold trading range for the day is 50539-51083.
Gold remained under pressure as Governor Christopher Waller said he would support another increase of a similar scale at the central bank’s July meeting.
However, downside seen limited amid global economic worries countered concerns around aggressive monetary tightening by the U.S. Federal Reserve
Fed’s Mester said that the risk of a US recession is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.
Indian discounts narrow, COVID curbs keep leash on China demand
BUY GOLD AUG 2022 @ 50600 SL 50400 TGT 50900-51200.MCX
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