08-10-2022 11:54 AM | Source: Kedia Advisory
Buy Gold Oct 2022 @ 52200 SL 52000 TGT 52550-52750.MCX- Kedia Advisory
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GOLD

* Gold trading range for the day is 52135-52777.

* Gold prices rose following a pullback in the dollar and U.S. Treasury yields

* Robust U.S. job growth reinforced expectations that the Fed will continue to raise rates in the next few meetings to slow inflation.

* The U.S. consumer price index report due on Wednesday could offer clues on the Fed's next move.

* Gold ETFs record $4.5bn outflows in July on a strong dollar and softer inflation outlook

BUY GOLD OCT 2022 @ 52200 SL 52000 TGT 52550-52750.MCX

 

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