2025-12-08 11:03:45 am | Source: Kedia Advisory
Sell Gold Feb @ 130600 SL 131500 TGT 129500-128800. MCX - Kedia Advisory
Gold
SELL GOLD FEB @ 130600 SL 131500 TGT 129500-128800. MCX
Observations
Gold trading range for the day is 128860-132340.
Gold settled with gains as a string of US data reinforced the case for an imminent Fed cut.
Data The US PCE price index rose 0.3% month-over-month in September 2025, the same as in August and in line with expectations.
Kevin Hassett could succeed Fed Chair Powell in May have also fueled speculation of a shift toward more aggressive easing.
Indian dealers were offering a discount of up to $22 per ounce over official domestic prices widening from last week's discount of $18
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