Buy Gold Jun 2023 @ 60800 SL 60600 TGT 61200-61400. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 60350-61330
Gold extended their rally after the Federal Reserve delivered a 25bps rate hike
US consumer sentiment improved in April, while core PCE inflation exceeded forecasts in March.
High gold prices kept physical demand tepid in key Asian centres, prompting dealers in India to extend discounts
Turkey is selling off its gold reserves to meet surging domestic demand
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