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SELL GOLD Apr 2023 @ 60300 SL 60500 TGT 60000-59800 - Kedia Advisory
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Gold
Gold trading range for the day is 59630-60640
Gold slips on firmer dollar
US non-farm payrolls report pointed to a tight labor market and supported bets for another interest rate hike from the Federal Reserve in May.
Markets are now pricing in a 66% chance that the Fed would raise rates by 25 basis points next month.
Physical gold demand in key Asian hubs hit a pause with high domestic prices forcing dealers in some markets to lure customers with discounts
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