Gold trading range for the day is 108850-109920 - Kedia Advisory

Gold
Be Cautious. Important resistance at 110200 while Support at 108400.
Observations
Gold trading range for the day is 108850-109920.
Gold climbed amid expectations of looser US monetary policy held firm.
Gold also continued to draw safe-haven support from geopolitical uncertainties.
US data showed that the annual inflation rate remained steady as expected, following an unexpected drop in producer prices. Physical gold demand across major
Asian markets was muted as record-high prices deterred retail purchases.










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Commodity Morning Insights by Axis Securities


