2026-06-30 09:55:36 am | Source: Kedia Advisory
Sell Gold AUG @ 143500 SL 144500 TGT 142000-141000. MCX - Kedia Advisory
Gold
SELL GOLD AUG @ 143500 SL 144500 TGT 142000-141000. MCX
Observations
Gold trading range for the day is 140490-145140.
Gold fell as renewed exchanges of attacks between the US and Iran lifted oil prices and rekindled inflation concerns.
The conflict escalated since Thursday, with Iran targeting a container ship, a vessel carrying Qatari oil, and military bases in Kuwait and Bahrain.
US PCE inflation broadly matched expectations, leading investors to slightly pare back bets on Federal Reserve rate hikes this year.
China's net gold imports via Hong Kong fell about 38% month-on-month in May
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