2025-10-16 09:49:58 am | Source: Kedia Advisory
Gold trading range for the day is 125530-128580- Kedia Advisor
Gold
Prices trading with high volatility. Important resistance at 1,28,800 while Support at 1,25,800
Observations
Gold trading range for the day is 125530-128580.
Gold hit $4200/oz and on MCX 1,27,740, extending its rally to another record high amid ramped up bets of additional US monetary easing.
President Trump accused China of “economically hostile” actions after Beijing halted soybean imports and warned of retaliatory cooking oil embargoes.
US government shutdown continues, with officials warning of growing economic impact.
Fed Chair Powell hinted at two more rate cuts this year, citing labor market weakness and slower hiring.
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