2025-06-12 09:33:24 am | Source: Kedia Advisory
Buy Gold Aug @ 96500 SL 96100 TGT 97200-97600. MCX - Kedia Advisory
Gold
BUY GOLD AUG @ 96500 SL 96100 TGT 97200-97600. MCX
Observations
Gold trading range for the day is 95945-98035.
Gold pared gains on profit booking after soft US inflation data boosted Fed rate cut expectations by September.
US May CPI rose 2.4% YoY, below forecast and signaling easing price pressures.
US-China reached framework to revive trade truce, pending leaders’ approval.
World Bank cut 2025 global growth forecast to 2.3% amid rising tariff risks.
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