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2026-08-03 10:25:38 am | Source: Kedia Advisory
Buy Gold OCT @ 142500 SL 141500 TGT 144500-145500. MCX - Kedia Advisory
Buy Gold OCT @ 142500 SL 141500 TGT 144500-145500. MCX - Kedia Advisory

GOLD

BUY GOLD OCT @ 142500 SL 141500 TGT 144500-145500. MCX

Observations

Gold trading range for the day is 142175-144825.

Gold dropped as the U.S. dollar regained footing, but ended the month with gains as investors pared back rate hike bets.

Fed left interest unchanged at its latest policy meeting, and Chairman Warsh gave little indication on the central bank's next policy move.

Gold demand in India remained muted as buyers waited for clearer price direction, while a stronger yuan lifted purchases in China.

Global gold demand was steady year-on-year at 1,268.9 metric tons in the second quarter of 2026 as central banks sped up purchases.

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