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2026-10-12 09:56:56 am | Source: Kedia Advisory
Buy Gold DEC @ 150500 SL 149500 TGT 152000-153000. MCX - Kedia Advisory
Buy Gold DEC @ 150500 SL 149500 TGT 152000-153000. MCX - Kedia Advisory

GOLD

BUY GOLD DEC @ 150500 SL 149500 TGT 152000-153000. MCX

Observations

Gold trading range for the day is 150240-152330.

Gold advanced on a combination of cooling oil prices and a softer US dollar.

Fed’s Musalem said the US central bank will need to hike rates again to bring inflation back to its 2% target.

Traders are pricing in a 19% chance of a rate hike in October and an 84% probability of at least one 25-basis-point increase by December.

Gold demand in India was sluggish as prices rebounded, while trading in China was subdued during the holiday-truncated trading period.

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