2025-03-05 12:16:29 pm | Source: Kedia Advisory
Buy Gold Apr @ 85750 SL 85550 TGT 86050-86250. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 85750 SL 85550 TGT 86050-86250. MCX
Observations
Gold trading range for the day is 84900-86890.
Gold gains due to elevated geopolitical tensions and amid a sharp drop in the U.S. dollar index.
U.S. trade tariffs against Mexico, Canada and China went into effect Tuesday, with the targeted countries already retaliating.
Fed could restart cuts to short-term borrowing rates in June and follow up with another reduction in September.
India's gold demand improved in the second half of but remained lower than normal.
Disclaimer:
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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