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GOLD

* Gold trading range for the day is 51167-52879.

* Gold prices slide as an encouraging U.S. jobs report eased recession worries and raised hopes the Fed will stick to its aggressive tightening path.

* Unemployment rate falls to a pre-pandemic low of 3.5%

* Citi maintains H2 2022 average gold price forecast near $1,740/oz

* Gold premiums in China rose on safe-haven demand driven by rising tensions with the United States over Taiwan

BUY GOLD OCT 2022 @ 51500 SL 51250 TGT 51850-52000.MCX

SILVER

* Silver trading range for the day is 55779-59025.

* Silver dropped amid a combination of a stronger dollar and soaring Treasury yields.

* Fresh jobs data surpassed market expectations in multiple gauges, strengthening bets that the Fed will continue its aggressive hiking momentum

* Putting a floor under prices were lingering concerns about a global economic slowdown and heightened US-China tensions over Taiwan.

* Fed’s Bullard said Fed would be steadfast in raising interest rates to bring inflation, running at four-decade highs, back to the central bank's 2% target

BUY SILVER SEP 2022 @ 57000 SL 56500 TGT 578

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