Buy Gold DEC @ 139000 SL BELOW 138000 TGT 141000. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 139000 SL BELOW 138000 TGT 141000. MCX
Observations
Gold trading range for the day is 137090-142070.
Gold prices rebounded as a drop in oil prices eased some inflation concerns, while investors turned their focus to US midterm elections.
US inflation accelerated in September, supporting expectations of an interest rate increase from the Fed in December.
In the week to 27 Oct, Gold speculative net long fell by 1,283 to +1,07,404 contracts: speculators sold 125 longs and added 1,158 shorts.
Physical gold demand in key Asian markets remained subdued last week, with Indian buyers delaying purchases in anticipation of a further decline in prices
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Commodities Daily Insights 3rd November 2026 by Axis Securities Ltd
