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2026-07-06 09:48:31 am | Source: Kedia Advisory
Buy Gold Aug @ 146500 SL 145500 TGT 148000-149000 MCX - Kedia Advisory
Buy Gold Aug @ 146500 SL 145500 TGT 148000-149000 MCX - Kedia Advisory

Gold

BUY GOLD AUG @ 146500 SL 145500 TGT 148000-149000. MCX

Observations

Gold trading range for the day is 146060-148730.

Gold climbed as weak US jobs data reduced expectations for a near-term Federal Reserve interest rate hike.

The probability of a hike dropped to 50%, down from 66% before the report.

Central banks also contributed to demand, adding a net 41 metric tons of gold to reserves in May – WGC

Gold demand in India eased after a modest pick-up earlier, as prices rebounded from a three-month low.

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