Gold trading range for the day is 58890-59420 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 58890-59420
Gold dropped as Fed policymakers are expected to deliver a 25 bps rate hike.
S&P PMI data showed slower economic growth in July, weaker job creation, gloomier business confidence and sticky inflation.
Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week
Physical gold demand stalled in India as monsoon rains and a spike in domestic prices kept buyers at bay
BUY GOLD Aug 2023 @ 58900 SL 58700 TGT 59200-59400. MCX
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