2025-10-01 09:13:17 am | Source: Kedia Advisory
Gold trading range for the day is 114510-119170 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,18,500 while Support at 1,16,000
Observations
Gold trading range for the day is 114510-119170.
Gold gained amid fears of a potential U.S. government shutdown and growing expectations of further U.S. interest rate cuts
Markets expect an over 91% chance of a 25-basis-point reduction at the Fed's October meeting - CME FedWatch tool.
UBS expects gold could rise as high as $4,200/oz by mid-2026 in its bull case scenario, the bank said.
SPDR Gold Trust, said its holdings rose 0.60% to 1,011.73 metric tons from 1,005.72 tons.
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