2026-10-05 10:00:04 am | Source: Kedia Advisory
Buy Gold DEC @ 149500 SL 148500 TGT 151000-152000. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 149500 SL 148500 TGT 151000-152000. MCX
Observations
Gold trading range for the day is 148750-151560.
Gold rose helped by a softer-than-expected US inflation report that lowered expectations of a Fed rate hike in October.
US PCE inflation was 3.4 percent year on year in August, with core PCE at 3.0 percent, according to BEA.
HSBC lowers 2026 average gold price forecast to $4,490/oz
Central banks bought 289 tonnes in the second quarter, up 62 percent from 177.9 tonnes a year earlier - WGC
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