2025-07-02 09:27:43 am | Source: Kedia Advisory
SELL GOLD AUG @ 97500 SL 97800 TGT 97000-96500. MCX - Kedia Advisory
GOLD
SELL GOLD AUG @ 97500 SL 97800 TGT 97000-96500. MCX
Observations
Gold trading range for the day is 95945-98305.
Gold prices climbed, supported by a weaker US dollar and ongoing trade deal uncertainty.
The dollar retreated on worries over the ballooning US deficit and as a major tax-cutting and spending bill slowly advances in the Senate
HSBC has raised its 2025 average gold price forecast to $3,215 per ounce from $3,015 an ounce previously.
China’s total gold imports via Hong Kong fell 1.5% in May, to 57.76 metric tons, from 58.61 tons in April.
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