Sell Gold Aug 2021 @ 47000 SL 47240 TGT 46780-46650.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 46613-47369.
Gold rose after U.S. inflation data tempered bets for early monetary policy tightening by the Federal Reserve.
Two Fed officials warned that inflation could rise more than policymakers expected in the near term.
Gold has benefited from the lower-than-expected inflation print as concerns at the margin have eased over a sooner-than-expected timetable for tapering.
The physical gold market in top consumer China flipped into a premium as prices eased although activity was still subdued
SELL GOLD AUG 2021 @ 47000 SL 47240 TGT 46780-46650.MCX
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