2025-08-29 12:15:27 pm | Source: Kedia Advisory
Sell Gold Oct @ 102200 SL 102600 TGT 101600-101000. MCX - Kedia Advisory
Gold
SELL GOLD OCT @ 102200 SL 102600 TGT 101600-101000. MCX
Observations
Gold trading range for the day is 101065-102645.
Gold prices rose as the dollar softened while investors hunkered down for Friday's U.S. inflation data.
Fed’s Williams said that interest rates could fall at some point, but policymakers will need to gauge upcoming data.
Investors are awaiting Friday's release of the PCE Price Index, which is the Fed's preferred inflation measure.
Markets expect a more than 87% chance of a 25-basis-point rate cut at the Fed's policy meeting next month.
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