Gold trading range for the day is 152860-160810 - Kedia Advisory
Gold
Gold looks to get support at 150000 and resistance at 166000
Observations
Gold trading range for the day is 152860-160810.
Gold rose supported by fading confidence in US assets, persistent geopolitical tensions, and broader economic uncertainty.
Central bank buying and a broader move away from the dollar have underpinned gold's rise.
Gold premiums in India jumped to their highest in more than a decade, while China premiums dipped.
The National Bank of Poland, approved plans to purchase another 150 tons of the precious metal
Silver
Silver looks to get support at 310000 and resistance at 375000
Observations
Silver trading range for the day is 321620-346470. Silver rose driven by robust demand, challenges in scaling up refining of the metal and a persistent supply shortage in the market.
The rally in silver has also been fueled by a historic short squeeze and strong retail buying, as well as China's tightening export controls.
Fed is expected to hold interest rates steady at its January 27–28 meeting, but markets still expect two further rate cuts in the second half of 2026.
The US economy expanded at an annualized rate of 4.4% in Q3 2025, marking the strongest GDP growth since Q3 2023.
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