Gold trading range for the day is 55570-56010 - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 55570-56010
Gold dropped weighed down by a firmer dollar and as outlookremains clouded by prospects of further interest rate hikes fromthe U.S. Federal Reserve.
Benchmark U.S. 10-year Treasury yields scaled their highest levelsince early November 2022
Fed officials debate higher vs. just longer after January inflation jump
U.S. central bank officials were divided over whether recent highinflation data and a continually hot jobs market will require evenmore restrictive interest rates
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