2025-02-11 09:49:20 am | Source: Kedia Advisory
Buy Gold Apr @ 85700 SL 85500 TGT 86000-86200. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 85700 SL 85500 TGT 86000-86200. MCX
Observations
Gold trading range for the day is 84640-86540.
Gold hitting a fresh record high, driven by safe-haven demand after US President Trump announced new global tariffs.
Further, expectations of looser monetary policy from major central banks are also boosting non-yielding gold.
Investors continued to anticipate two Fed rate cuts in 2024 despite strong labor data, aligning with FOMC projections.
Central bank gold purchases further supported bullion, with the PBoC adding to its reserves for a third consecutive month in January.
BUY GOLD APR @ 85700 SL 85500 TGT 86000-86200. MCX
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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