2025-11-14 10:53:35 am | Source: Kedia Advisory
Sell Gold Dec @ 127300 SL 128200 TGT 126400-125800. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 127300 SL 128200 TGT 126400-125800. MCX
Observations
Gold trading range for the day is 125200-128720.
Gold prices climbed as investors focused on the Federal Reserve’s rate outlook following the US government’s reopening.
President Donald Trump signed a funding bill into law, ending the longest federal government shutdown in US history.
Private labor data suggest recent job cuts by US firms, signaling continued weakness in the labor market and reinforcing expectations of further rate cuts.
China's gold consumption in the first three quarters of 2025 declined 7.95% from the corresponding period a year earlier to 682.73 metric tons.
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