2026-08-06 09:48:15 am | Source: Kedia Advisory
Buy Gold OCT @ 147800 SL 146800 TGT 148800-149900. MCX - Kedia Advisory
GOLD
BUY GOLD OCT @ 147800 SL 146800 TGT 148800-149900. MCX
Observations
Gold trading range for the day is 143320-151480.
Gold prices surged as a sharp fall in oil prices helped ease concerns around inflation and interest rates.
Iranian Foreign Ministry spokesman Esmaeil Baqaei said that talks with Oman on securing safe shipping routes continue "positively."
Saudi Arabia reportedly said it intends to contain a renewed conflict with Houthi militants through behind-the-scenes diplomacy.
Fed’s Schmid said that current inflation remains "too high"
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