04-04-2024 11:19 AM | Source: Kedia Advisory
Buy Gold Jun @ 69500 SL 69200 TGT 70000-70300. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 68680-70480.

Gold prices extended a record run as concerns of rising inflation boosted demand.

Gold prices extended a record run as concerns of rising inflation boosted demand.

Global central bank gold reserves rose by 19t in February, marking the ninth consecutive month of growth.

The PBOC was the largest buyer, increasing its gold reserves by 12t to 2,257t, reserves have grown for 16 consecutive months.

BUY GOLD JUN @ 69500 SL 69200 TGT 70000-70300. MCX

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