BUY GOLD APR @ 159000 SL 157500 TGT 160800-162000. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 159000 SL 157500 TGT 160800-162000. MCX
Observations
Gold trading range for the day is 156880-162780.
Gold fell as investors booked profits amid renewed trade uncertainty and geopolitical risks.
US President Donald Trump's administration is considering new national security tariffs on a half-dozen industries.
The Shanghai Gold Exchange has lowered margin requirements for Gold contracts to 18% from 21%.
Gold exports from Switzerland in January fell 8% from the previous month.
Silver
BUY SILVER MAR @ 258000 SL 255000 TGT 261500-263000. MCX
Observations
Silver trading range for the day is 246160-275420.
Silver retreated as profit taking and a firmer dollar weighed on the market, while traders awaited clarity on U.S. tariff plans.
US private employers added an average of 12,750 jobs per week in the four weeks, up from a revised 11,500 in the previous period.
Iran and the U.S. will hold a third round of nuclear talks on Thursday in Geneva.
The Shanghai Gold Exchange has lowered margin requirements for Silver contracts to 24% from 27%.
