2025-09-26 09:15:20 am | Source: Kedia Advisory
Gold trading range for the day is 111615-113755 - Kedia Advisory
Gold
Be Cautious. Important resistance at 113600 while Support at 111600.
Observations
Gold trading range for the day is 111615-113755.
Gold settled flat as strong economic data favored higher interest rates.
US GDP was revised higher to reflect a 3.8% growth in Q2, while durable goods orders unexpectedly rose.
PBoC piled on gold for 10 straight months, and Chinese infrastructure offered to be a gold custodian for foreign markets.
China's August net gold imports via Hong Kong fall 39% from July
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