2026-05-26 10:42:32 am | Source: Kedia Advisory
SELL GOLD JUN @ 160000 SL 161000 TGT 158500-157500. MCX
Gold
SELL GOLD JUN @ 160000 SL 161000 TGT 158500-157500. MCX
Observations
Gold trading range for the day is 158585-159745.
Gold rises as weaker dollar, US-Iran deal hopes improve inflation outlook
Hopes for a reopening of the Strait of Hormuz pushed crude down more than 5%, easing concerns over energy-driven inflation.
Weak US consumer confidence and expectations of potential Federal Reserve rate hikes continued to weigh on non-yielding assets.
Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said
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