2025-07-23 11:22:10 am | Source: Kedia Advisory
Buy Gold Aug @ 99800 SL 99400 TGT 100400-100600. MCX - Kedia Advisoy
GOLD
BUY GOLD AUG @ 99800 SL 99400 TGT 100400-100600. MCX
Observations
Gold trading range for the day is 98635-101255.
Gold rose as investors stayed cautious amid trade uncertainty and speculation over the Fed’s independence.
Treasury Secretary Bessent’s upcoming meeting with Chinese officials raised hopes for extending the August 12 deadline.
Gold holdings in London vaults rose by 177.8 tons to 8,776 tonnes, the highest since August 2023.
The yield on the US 10-year Treasury note fell to 4.34%, marking its fifth straight decline and the lowest level in over a week.
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