Buy Gold JUN @ 148200 SL 147000 TGT 149600-150500. MCX - Kedia Advisory
GOLD
BUY GOLD JUN @ 148200 SL 147000 TGT 149600-150500. MCX
Observations
Gold trading range for the day is 147230-152400.
Gold fell as geopolitical tensions in the Middle East remained elevated, fueling inflation concerns.
Middle East conflict has pushed energy prices sharply higher and intensified inflation risks.
Central banks bought 244t (+3% y/y) of gold on a net basis in Q1 Gold demand in India was sluggish as volatile global prices, while China premiums rose on stockpiling
