2025-09-24 09:15:00 am | Source: Kedia Advisory
Gold trading range for the day is 111390-115400 - Kedia Advisory
Gold
Be Cautious. Important resistance at 115000 while Support at 112200.
Observations
Gold trading range for the day is 111390-115400.
Gold hit fresh record high crossing Rs 1,14,000 bolstered by increased expectations of further U.S. rate cuts.
The Fed cut rates by 25 bps, citing labor market weakness, but warned about sticky inflation.
Governor Stephen Miran urged deeper cuts, while other officials called for caution.
SPDR Gold Trust holdings rose 0.60% to 1,000.57 tons, signaling renewed investor appetite.
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