2025-10-06 09:24:21 am | Source: Kedia Advisory
Gold trading range for the day is 116180-119310 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,19,500 while Support at 1,17,000
Observations
Gold trading range for the day is 116180-119310.
Gold rose supported by safe-haven demand and dovish expectations from the Federal Reserve.
Investor appetite for safety has been heightened by the partial US government shutdown, which threatens thousands of federal jobs.
Dallas Fed President Lorie Logan urged caution on further interest rate reductions.
Physical gold demand in India rose despite record high prices, while Chinese markets were closed for a holiday
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