2025-10-07 09:44:07 am | Source: Kedia Advisory
Gold trading range for the day is 118215-121615 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,21,500 while Support at 1,19,000
Observations
Gold trading range for the day is 118215-121615.
Gold prices surged Rs 1,20,000 amid growing worries over a prolonged US government shutdown.
The shutdown was extended into this week after the Senate on Friday failed to advance competing plans to extend federal funding.
Fed’s Miran pressed for an aggressive rate cut trajectory again, citing the impact of Trump administration's economic policies.
Markets are now pricing in about a 95% probability of a 25bps cut in October and an 84% chance of a similar move in December.
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