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
