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2025-01-08 09:40:07 am | Source: Kedia Advisory
Buy Gold Feb @ 77350 SL 77150 TGT 77600-77800. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 76765-78225.

Gold climbed supported by a weaker dollar as traders grappled with uncertainty surrounding Trump’s tariff policies.

Additional support came from figures from China's central bank, which increased its gold reserves for the second consecutive month in December.

November gold purchases point to another strong year of central bank demand – World Gold Council

The Reserve Bank of India continued its 2024 buying streak, adding a further 8t to its gold reserves in November.

BUY GOLD FEB @ 77350 SL 77150 TGT 77600-77800. MCX

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