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2025-02-07 09:24:28 am | Source: Kedia Advisory
Buy Gold Apr @ 84300 SL 84100 TGT 84600-84800. MCX - Kedia Advisory
Buy Gold Apr @ 84300 SL 84100 TGT 84600-84800. MCX - Kedia Advisory

Gold

BUY GOLD APR @ 84300 SL 84100 TGT 84600-84800. MCX

Observations

Gold trading range for the day is 83430-85350.

Gold fell off a record high early as the dollar moved higher, though safe-haven demand amid Donald Trump's tariff threats continue to support.

US data showed weaker-than-expected demand for services, suggesting economic activity could moderate in the coming months.

Gold’s safety appeal was further bolstered after Trump suggested the US could take control of Gaza.

India's gold consumption in 2025 is set to moderate from last year's nine-year peak - WGC

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