BUY GOLD APR @ 159000 SL 157800 TGT 160500-161500. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 159000 SL 157800 TGT 160500-161500. MCX
Observations
Gold trading range for the day is 156745-164605.
Gold dropped as dollar gains as the fallout from the Middle East conflict kept investors on edge.
The conflict entered a sixth day, with US and Israeli forces striking targets across Iran and Tehran retaliating with missile attacks.
Treasury Secretary confirmed a global 15% tariff will begin this week and may revert within five months.
China's net gold imports via Hong Kong in January rose by 68.7% from December
Silver
BUY SILVER MAY @ 261000 SL 259000 TGT 263500-265000. MCX
Observations
Silver trading range for the day is 248550-281070.
Silver dropped as dollar index rose to 99.1, as the escalating conflict with Iran revived safe-haven demand.
The US-Israeli campaign against Iran has now entered its sixth day, keeping markets on edge over the potential for further escalation.
The silver market is expected to remain in deficit for a sixth consecutive year in 2026.
The global silver market will continue to rely on the release of bullion from above-ground inventories adding pressure to a tight physical market.
