2025-09-03 11:32:52 am | Source: Kedia Advisory
Buy Gold Oct @ 105500 SL 105000 TGT 106200-106600. MCX - Kedia Advisory
Gold
BUY GOLD OCT @ 105500 SL 105000 TGT 106200-106600. MCX
Observations
Gold trading range for the day is 104065-106775.
Gold gains as mounting expectations for a U.S. Federal Reserve interest rate cut this month lifted demand.
Trump has criticised the Fed and its chair, Jerome Powell, for months for not lowering interest rates.
Traders are currently pricing in a 90% chance of a 25-basis-point Fed rate cut on September 17.
SPDR Gold Trust, said its holdings rose 1.01% to 977.68 tons on Friday - its highest level since August 2022.
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