Gold trading range for the day is 54900-56230 - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 54900-56230
Gold gained as investors digest the latest economic data and tryto gauge the next monetary policy steps.
.Fed’s Philip Jefferson defended the central bank’s 2% inflationtarget, warning that changing it could destabilize inflationexpectations
Fed might raise policy rates to 6% - BofA
Money markets have now priced at least three more 25 basispoint rate hikes this year and see interest rates peaking at around5.5% by June
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