Sell Gold Jun 2022 @ 52400 SL 52800 TGT 52000-51800.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 51784-52900.
Gold prices fell amid the prospect of aggressive interest rate hikes boosted U.S. Treasury yields and the dollar.
The reason being the market is worried that these very strong expectations for rate hikes in the U.S. may lead to a bigger than expected economic slowdown.
Fed’s Powell said a half-point interest rate increase "will be on the table" when the central bank meets in May.
Physical gold dealers in India reduced discounts as demand picked up slightly after prices eased
SELL GOLD JUN 2022 @ 52400 SL 52800 TGT 52000-51800.MCX
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