Buy Gold Around 65800 SL BELOW 65650 TGT 66000/66100

2024-03-11 09:17:43 am | Source: Axis Securities Ltd

Buy Gold Around 65800 SL BELOW 65650 TGT 66000/66100 - Axis Securities Ltd

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Gold

Gold is trading higher in early Asian trade amid bullish sentiment. Mounting geopolitical concerns in the Middle East continue to support the safe haven demand while signs of a Fed rate cut later this year is also aiding market sentiment.

BUY GOLD AROUND 65800 SL BELOW 65650 TGT 66000/66100

Crude Oil

Oil prices extended last week's losses on Monday on concern about slow demand in China, though lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Worries over weak demand in China outweighed the extension of supply cuts by OPEC+.

SELL CRUDE OIL AROUND 6530 SL ABOVE 6580 TGT 6450

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Buy Gold Around 65800 SL BELOW 65650 TGT 66000/66100 - Axis Securities Ltd

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