2026-03-12 12:47:49 pm | Source: Kedia Advisory
BUY GOLD APR @ 160800 SL 159500 TGT 162200-163200. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 160800 SL 159500 TGT 162200-163200. MCX
Observations
Gold trading range for the day is 160135-163975.
Gold dropped as dollar index resumed gains, hovering near the high levels reached since the war with Iran began.
February inflation came in line with forecasts, showing stable but above-target CPI.
Escalating US-Iran war keeps geopolitical tensions elevated
As at end February 2026, the amount of gold held in London vaults was 9,210 tonnes, a 0.56% increase on previous month
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