Buy Gold OCT @ 58300 SL 58100 TGT 58600-58800. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 58185-58875.
Gold dropped as dollar rose amid expectations of another US interest rate hike this year.
US 10-year treasury yields extending gains for the second straight session and scaling a 16-year high at 4.564%.
Several Fed officials hinted at several more interest rate hikes, and said the battle with inflation isn't over yet.
China's August net gold imports via Hong Kong up 51.4% m/m
BUY GOLD OCT @ 58300 SL 58100 TGT 58600-58800. MCX
