Sell Gold Jun 2021 @ 46550 SL 46850 TGT 46250-46100.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 46155-46909.
Gold fell as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health.
Federal Reserve Chairman Jerome Powell that the U.S. economy was at "an inflection point" and looked set for a strong rebound in the coming months
A new Fed framework builds in allowances for inflation to run above the central bank's 2% target for a time without the Fed intervening to rein it in.
Benchmark U.S. Treasury yields edged higher before the Treasury Department's sale of $96 billion in new three-year and 10-year notes
SELL GOLD JUN 2021 @ 46550 SL 46850 TGT 46250-46100.MCX
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