Sell Gold Aug @ 99700 SL 100100 TGT 99200-98800. MCX - Kedia Advisory
GOLD
SELL GOLD AUG @ 99700 SL 100100 TGT 99200-98800. MCX
Observations
Gold trading range for the day is 97515-100395.
Gold edged higher as new EU sanctions on Russia and US tariff worries supported safe-haven demand.
US Commerce Secretary Lutnick reiterated August 1 as the firm deadline for enforcing new tariffs globally.
US Federal Reserve’s July 29–30 policy meeting remains in focus amid Waller’s call for a rate cut.
According to the Swiss data, gold exports to the UK jumped to 83.8 metric tons in June, the highest level since August 2019.
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