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Sell Gold Oct 2022 @ 52400 SL 52600 Tgt 52150-52000.Mcx - Kedia Advisory - Kedia Advisory
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GOLD
Gold trading range for the day is 52139-52833.
Gold prices gains underpinned by a sharp retreat in the dollar following the release of lower-than-expected US inflation numbers for July.
Support also seen due to simmering geopolitical tensions between China and the US over Taiwan and a highly uncertain global economic outlook.
Federal Reserve will tighten less aggressively, with markets now pricing in a higher chance of a 50-basis point rate hike in September
High domestic prices restrained physical gold demand in India
SELL GOLD OCT 2022 @ 52400 SL 52600 TGT 52150-52000.MCX
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