Powered by: Motilal Oswal
2026-08-10 11:41:01 am | Source: Kedia Advisory
Buy GOLD OCT @ 150500 SL 149500 TGT 152000-153000. MCX - Kedia Advisory
Buy GOLD OCT @ 150500 SL 149500 TGT 152000-153000. MCX - Kedia Advisory

GOLD

BUY GOLD OCT @ 150500 SL 149500 TGT 152000-153000. MCX

Observations

Gold trading range for the day is 147775-154605.

Gold gained amid softer U.S. inflation data and easing oil prices, prompted traders to scale back expectations for further Fed interest rate hikes.

U.S. President Donald Trump told reporters that he believed the war with Iran would be over soon.

PBOC extended its gold-buying run to a 21st consecutive month, with reserves rising to 76.08 million fine troy ounces at the end of July from 75.44 million a month earlier.

UBS said it expects gold prices to climb to $5,000 per ounce in the first half of 2027

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here