2025-10-27 09:52:38 am | Source: Kedia Advisory
Gold trading range for the day is 120190-125870 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,25,000 while Support at 1,22,000
Observations
Gold trading range for the day is 120190-125870.
Gold dropped as investors weighed trade developments and geopolitical tensions that lifted the metal’s safe-haven appeal.
While prices pared most of its losses after weaker-than-expected US CPI data boosted expectations of lower interest rates.
Expectations that the Federal Reserve will deliver two more rate cuts by year-end supported bullion.
The report, showed headline inflation rising to 3% in September, the highest since January but below forecasts of 3.1%.
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