Powered by: Motilal Oswal
2025-09-16 11:03:49 am | Source: Kedia Advisory
Gold trading range for the day is 108375-111235 - Kedia Advisory
Gold trading range for the day is 108375-111235 - Kedia Advisory

Gold

Be Cautious. Important resistance at 111200 while Support at 109000.

Observation

Gold trading range for the day is 108375-111235.

Gold gains as dollar index slipped, its weakest level since late July.

Gold also continued to draw safe-haven support from geopolitical uncertainties.

Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance of a larger 50 bps move.

UBS raised its gold price forecast by $300 to $3,800 per ounce by the end of 2025 and by $200 to $3,900 by mid-2026

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