Gold trading range for the day is 59920-60980 - Kedia Advisory
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Gold
*Gold trading range for the day is 59920-60980
*Gold recovered as the dollar declined and yields eased
*Investors continue to assess the monetary policy outlook and worry high borrowing costs could hurt the economies further.
*Fed’s Williams recently said inflation is still too high and the central bank needs to hold policy tight.
*Markets continue to price in a 25bps increase in the fed funds rate next month
SELL GOLD Jun 2023 @ 60650 SL 60850 TGT 60400-60200. MCX
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