2025-09-02 11:51:10 am | Source: Kedia Advisory
Buy Gold Oct @ 104500 SL 104000 TGT 105400-106000. MCX -Kedia Advisory
Gold
BUY GOLD OCT @ 104500 SL 104000 TGT 105400-106000. MCX
Observations
Gold trading range for the day is 103030-106810.
Gold rose to all time high as increased expectations of a Fed interest rate cut this month.
U.S. PCE Price index rose 0.2% month-on-month, and was up 2.6% on a year-on-year basis.
Traders are currently pricing in an 87% chance the Fed will ease rates by 25 basis points later this month.
SPDR Gold Trust said its holdings rose 1.01% to 977.68 tons from 967.94 tons.
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