Gold trading range for the day is 59980-61400 - Kedia Advisory
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Gold
Gold trading range for the day is 59980-61400
Gold gains prompted by a falling dollar after the inflation report for the US surprised on the downside.
The headline inflation eased to 5% compared to forecasts of 5.2% and the monthly rate increased 0.1%
Investors still bet the Fed will deliver another 25bps hike next month but the softer inflation eased some concerns.
Gold imports dip 30% to 431.8 billion in April-February 2023
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