2025-09-25 09:23:35 am | Source: Kedia Advisory
Gold dropped on profit booking after Fed Powell's cautious tone on rate cuts - Kedia Advisory
Gold
Be Cautious. Important resistance at 113800 while Support at 112200.
Observations
Gold trading range for the day is 111630-114300.
Gold dropped on profit booking after Fed Powell's cautious tone on rate cuts.
New Fed Governor Stephen Miran called for aggressive rate cuts, adding that the Fed was misreading how tight it has set monetary policy
Robust demand for exchange-traded funds further supported bullion, with inflows reaching a three-year high last week.
China's gold imports in August fell 3.4% from July.
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