2025-11-10 09:44:32 am | Source: Kedia Advisory
Buy Gold Dec @ 120600 SL 119800 TGT 121400-122000. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 120600 SL 119800 TGT 121400-122000. MCX
Observations
Gold trading range for the day is 119995-122175.
Gold prices rose after soft labor data reinforced expectations of a near-term Federal Reserve rate cut.
Challenger job cuts tripled in October, the largest increase in over two decades, with companies citing weaker consumer demand.
China's gold holdings increased to 74.09 million fine troy ounces at the end of October from 74.06 million in the previous month.
Indian dealers were offering a discount of up to $14 over official domestic prices, up from the last week's discount of up to $12.
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