2025-04-16 12:05:19 pm | Source: Kedia Advisory
Buy Gold Jun @ 93200 SL 92950 TGT 93550-93700. MCX - Kedia Advisory
Gold
BUY GOLD JUN @ 93200 SL 92950 TGT 93550-93700. MCX
Observations
Gold trading range for the day is 92815-93855.
Gold gains as uncertainty over President Trump’s tariff plans continued to drive safe-haven demand.
Fed’s Waller said that interest rates may need to be cut soon if Trump's large-sized tariffs remain in place.
Currently, traders are pricing in around 85bps worth of easing by year-end, with most expecting the Fed to hold rates next month.
Goldman Sachs remained most bullish among major banks on gold, raising its year-end forecast to $3,700
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