2025-09-09 09:24:08 am | Source: Kedia Advisory
Gold trading range for the day is 106485-109745 - Kedia Advisory
Gold
Be Cautious. Important resistance at 109400 while Support at 107600.
Observations
Gold trading range for the day is 106485-109745.
Gold rose past 1,08,000 on MCX hitting a fresh all-time high amid growing bets on a Fed rate cut.
The US economy added fewer jobs than expected in August, while unemployment rose to its highest level since 2021.
China's central bank buys gold in August for 10th month in a row Traders have fully priced in a 25-bp cut this month, with an 8% chance of a jumbo 50-bp rate cut.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Pakistan Women cricket team arrive at R Premadasa St...
4th clash in 4 week! Indian Women set for Pakistan c...
Defence & Aerospace Sector Update : Private sector o...
India Women?s Cricket Team Arrives at Colombo Stadiu...
IND vs PAK set to lock horns in ICC Women?s World Cu...
?Won after working really hard?: Manish Sureshkumar ...
?I was confident?? Vaishnavi Adkar on winning 30th F...
?India remains long-term bet?, Says Rare Enterprises...
EAM S Jaishankar delivers remarks on ?seeking prospe...
?Satta badalne ja rahi hai?? Tejashwi Yadav confiden...
