Buy Gold DEC @ 145200 SL BELOW 144200 TGT 147200. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 145200 SL BELOW 144200 TGT 147200. MCX
Observations
Gold trading range for the day is 145040-147050.
Gold dropped as a rally in oil prices revived inflation concerns while investors awaited next week's Federal Reserve meeting.
Goldman Sachs expects global central bank gold purchases in August of 79 tonnes, well above the pre-2022 average of 17 tonnes.
Goldman Sachs says central-bank demand remains a structural support for gold.
Swiss gold exports rose 6% in September from August to 165.2 metric tons, their highest level since February 2025
