2025-09-08 10:04:04 am | Source: Kedia Advisory
Gold trading range for the day is 106175-108585 - Kedia Advisory
Gold
Be Cautious, correction due. Important resistance at 108800 while Support at 104800.
Observations
Gold trading range for the day is 106175-108585.
Gold jumped to a fresh record high of 1,07,800 after a weaker-than-expected US jobs report.
Prices were supported by concerns over the Fed’s independence, heightened political risks
The US economy added just 22K jobs in August, well below forecasts of 75K.
Several Fed officials said labour market worries continue to animate their beliefs that rate cuts are imminent
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