Sell Gold Oct 2022 @ 52000 Sl 52180 Tgt 51750-51600 - Kedia Advisory
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GOLD
Gold trading range for the day is 51462-52452..
Gold prices inched lower weighed down by an uptick in the U.S. dollar and worries over further U.S. interest rate hikes
Fed officials have maintained a hawkish tone and hinted at more rate hikes down the year to tame high inflation.
U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest levels since near the start of the COVID-19 pandemic
Investors now await minutes from the Fed's July meeting on Wednesday for clues on further rate hikes.
SELL GOLD OCT 2022 @ 52000 SL 52180 TGT 51750-51600
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