2026-09-09 10:39:12 am | Source: Kedia Advisory
Buy Gold OCT @ 151500 SL 150500 TGT 153000-154000. MCX - Kedia Advisory
GOLD
BUY GOLD OCT @ 151500 SL 150500 TGT 153000-154000. MCX
Observations
Gold trading range for the day is 151310-154760.
Gold gains as the U.S. dollar slipped, with investors focused on upcoming inflation data.
The U.S. producer price index data is due on Thursday and the consumer price index report is scheduled for Friday.
U.S. job growth accelerated sharply in August, while the unemployment rate held steady at 4.1%, suggesting an improvement in the labour market.
Traders see a 60% chance of a rate hike at the Fed's policy meeting next week, according to the CME FedWatch Tool.
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content of this article for any current or future financial references.
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