📊 Daily Bullion Report – 2nd September 2025

🔑 Fundamentals for the Day

• 7:15 PM (IST) – Final Manufacturing PMI
• 7:30 PM (IST) – ISM Manufacturing PMI & Prices
• 11:30 PM (IST) – President Trump Speaks

⚠️ Note: This is Non-Farm Payroll (NFP) week; expect high volatility on Friday.

🟡 Gold Outlook

📌 Highlight: Gold hit a lifetime high of $3508.54 in today’s early China session, reflecting strong safe-haven demand and global macro uncertainty.

• Range: 105,500 – 103,300
• Our Preference:
  🔻 Sell Gold @ 105,200 → Target 104,331 & 103,300 | SL 105,600
• Alternative Scenario:
  🔼 Buy Gold @ 103,350 → Target 104,300 | SL 103,000 (only if sustained)

📍 Trading Zone:

• Buy Gold @104,300 for intraday momentum | SL 200 points

⚪ Silver Outlook

• Range: 126,000 – 120,250
• Our Preference:
  🔻 Sell Silver around 126,000 → Target 121,000 | SL 126,800+
• Alternative Scenario:
  🔼 Buy Silver @ 120,250 → Target 123,000 | SL 119,500 (only if sustained)

📍 Positional Breakout:

• Buy Silver above 128,000 → Opens the gate toward 140,000
• From/below 126,000, Silver may correct sharply.

🌍 Market Insight

With NFP data due Friday, traders should prepare for whipsaws and increased volatility

The lifetime high in Gold signals strong global risk aversion and central-bank buying support.

Trump’s speech at 11:30 PM IST will be closely monitored; any policy announcements on tariffs, Fed independence, or foreign relations could trigger sharp bullion moves.