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2026-09-11 10:36:25 am | Source: Kedia Advisory
Sell Gold OCT @ 153500 SL 154500 TGT 152000-151000. MCX - Kedia Advisory
Sell Gold OCT @ 153500 SL 154500 TGT 152000-151000. MCX - Kedia Advisory

GOLD

SELL GOLD OCT @ 153500 SL 154500 TGT 152000-151000. MCX

Observations

Gold trading range for the day is 149680-155780.

Gold fell as traders increased bets on Fed rate hike following stronger-than-expected US producer price data.

US PPI rose 0.4% in August, while annual producer inflation accelerated to 5.4%, above the 5.3% forecast.

Traders also raised bets on further ECB tightening after the central bank delivered an expected rate hike and warned that inflation risks remained.

People’s Bank of China extended its gold-buying streak to a 22nd consecutive month

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