2025-01-31 09:33:35 am | Source: Kedia Advisory
Buy Gold Apr @ 81900 SL 81700 TGT 82200-82400. MCX - Kedia Advisory
GOLD
BUY GOLD APR @ 81900 SL 81700 TGT 82200-82400. MCX
Observations
Gold trading range for the day is 80575-82835.
Gold prices rallied to all time high amid fresh leg down in the US Treasury bond yields.
Further concerns about the potential economic fallout from US President Trump's tariff plans supported prices.
Fed Chair Powell said that politics would not affect the central bank's interest-rate calls and downplayed expectations for future rate cuts.
London bullion market players are rushing to borrow gold from central banks due to a surge in gold deliveries.
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