2025-05-08 12:24:45 pm | Source: Kedia Advisory
Sell Gold Jun @ 97400 SL 97700 TGT 97000-96700. MCX - Kedia Advisory
Gold
SELL GOLD JUN @ 97400 SL 97700 TGT 97000-96700. MCX
Observations
Gold trading range for the day is 96175-97835.
Gold slipped following reports that US and Chinese officials are set to meet this week.
The Federal Reserve kept the funds rate at 4.25%–4.50% range for a third consecutive meeting
China's central bank buys gold for sixth straight month in April
The US trade deficit widened to $140.5 billion in March 2025, reaching a fresh record high, compared to forecasts of a $137 billion shortfall.
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