2026-05-25 10:28:30 am | Source: Kedia Advisory
BUY GOLD JUN @ 158000 SL 157000 TGT 159500-160500. MCX
Gold
BUY GOLD JUN @ 158000 SL 157000 TGT 159500-160500. MCX
Observations
Gold trading range for the day is 157365-160155.
Gold pulled lower by a firmer dollar and rising oil prices that kept inflation concerns in focus.
Fed’s Waller said Fed should axe the "easing bias" from its policy statement and effectively open the door to a possible rate hike.
Gold kept trading at a steep discount in India, as price volatility dampened demand, while premiums eased in China.
Jewellers are reluctant to build stocks as the wedding season draws to a close and uncertainty persists over retail demand.
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