Sell Gold Oct 2021 @ 48000 SL 48180 TGT 47800-47720.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 47413-48597.
Gold prices settled flat as dollar seen supported as the ISM PMI surveys showed a record increase in services activity in July.
However weaker-than-expected U.S. ADP payrolls data bolstered expectations that the Federal Reserve will keep its interest rates low for longer.
The U.S. economy is on track by the end of next year to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates.
The Perth Mint's sales of gold products in July fell 3% to their lowest level in nine months.
SELL GOLD OCT 2021 @ 48000 SL 48180 TGT 47800-47720.MCX
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