Sell Gold Aug 2021 @ 46700 SL 46900 TGT 46400-46200.MCX - Kedia Advisory
GOLD
Gold trading range for the day is 45978-47258.
Gold prices eased as the dollar rose as hawkish remarks from some Fed officials supported prospects of a tightening of monetary policy sooner rather later.
Fed’s Barkin said that the central bank has made "substantial further progress" toward its inflation goal so as to begin the withdrawal of stimulus.
Barkin added that he would decide next year whether the U.S. central bank had reached its inflation and employment goals to justify a rate hike.
Investors await U.S. jobs report due on Friday to determine the pace of improvement in the labor market.
SELL GOLD AUG 2021 @ 46700 SL 46900 TGT 46400-46200.MCX
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