2025-07-03 10:58:09 am | Source: Kedia Advisory
Sell Gold Aug @ 97700 SL 98000 TGT 97200-96800. MCX - Kedia Advisory
Gold
SELL GOLD AUG @ 97700 SL 98000 TGT 97200-96800. MCX
Observations
Gold trading range for the day is 96805-97775.
Gold prices gained as the US dollar weakened on rising fiscal worries and trade uncertainty.
The US Senate passed Trump’s tax-and-spending megabill, projected to add $3.3 trillion to the national debt.
Fed Chair Powell signaled patience but didn’t rule out a July rate cut; Treasury Secretary Bessent expects cuts by September.
China’s gold imports via Hong Kong fell 1.5% MoM in May to 57.76 metric tons, showing weaker demand.
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