2025-10-13 09:32:07 am | Source: Kedia Advisory
Gold trading range for the day is 118965-123485- Kedia Advisory
GOLD
Prices trading with high volatility. Important resistance at 1,22,800 while Support at 1,19,800
Observations
Gold trading range for the day is 118965-123485.
Gold gains driven by global economic uncertainty, and growing expectations of further US interest rate cuts.
Fed's Barr said that he does not think that there is a generalized spillover of tariffs onto services inflation.
Goldman Sachs revised its 2026 forecast for Gold prices from $4,300 to $4,900, citing strong flows into Gold ETFs and central bank demand
Money markets indicate that the Fed will cut interest rates by 25bps at October meeting.
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