Buy Gold Oct @ 103500 SL 103000 TGT 104200-104800. MCX - Kedia Advisory
Gold

BUY GOLD OCT @ 103500 SL 103000 TGT 104200-104800. MCX
Observations
Gold trading range for the day is 101310-105350.
Gold surged to 1,04,000, supported by rupee weakness to all time low and safe-haven demand.
Political pressure on Fed fuels expectations of accelerated interest rate cuts.
Markets widely pricing a 25 bps rate reduction in September meeting.
Fed Governor Waller signals support for beginning rate cuts next month.
