2025-05-13 09:39:15 am | Source: Kedia Advisory
Sell Gold Jun @ 93300 SL 93600 TGT 92900-92700. MCX
Gold
SELL GOLD JUN @ 93300 SL 93600 TGT 92900-92700. MCX
Observations
Gold trading range for the day is 90485-96705.
Gold fell followed by news of a major tariff rollback by the US and China.
US announced it would cut tariffs on Chinese goods from 145% to 30, for a 90-day period.
China will lower levies on US imports from 125% to 10%, for a 90-day period.
Fed warned of rising inflation and labor market risks, with Chair Powell ruling out a preemptive rate cut.
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