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Sell Gold Jun 2023 @ 61650 SL 61850 TGT 61300-61100. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 60670-62260
Gold gains as Fed delivered a widely expected 25 basis point rate hike.
Fed Chair Jerome Powell clarified that the committee is not currently advocating for rate cuts based on their inflation outlook.
High gold prices kept physical demand tepid in key Asian centres, prompting dealers in India to extend discounts
Turkey is selling off its gold reserves to meet surging domestic demand
SELL GOLD Jun 2023 @ 61650 SL 61850 TGT 61300-61100. MCX
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