2026-08-24 10:29:16 am | Source: Kedia Advisory
Buy Gold OCT @ 161000 SL 160000 TGT 162500-163500. MCX - Kedia Advisory
GOLD
BUY GOLD OCT @ 161000 SL 160000 TGT 162500-163500. MCX
Observations
Gold trading range for the day is 158495-164655.
Gold gains as dollar slipped as investors questioned whether the U.S. Treasury's efforts to calm the bond markets.
Gold remained supported by robust investment demand and continued central bank purchases, particularly from China.
Bessent says he may further increase US government's repurchases of Treasuries
Russia's gold reserves stood at 73.2 million troy ounces as of the start of August down from 73.4 in July..
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