Gold looks to get support at 152000 and resistance at 163000 - Kedia Advisory
Gold
Gold looks to get support at 152000 and resistance at 163000
Observations
Gold trading range for the day is 155905-160715.
Gold climbed driven by strong haven demand amid rising trade and geopolitical tensions.
President Trump threatened to raise tariffs from South Korea, with duties on other goods increasing from 15% to 25%.
China's December net gold imports via Hong Kong fell by 24% from November
Deutsche Bank sees gold prices reaching $6,000 per ounce in 2026
Silver
Silver looks to get support at 325000 and resistance at 390000
Observations
Silver trading range for the day is 328645-378635.
Silver surged as geopolitical and trade risks, along with investor flight from sovereign bonds and currencies.
The rally in silver has also been fueled by a historic short squeeze and strong retail buying, as well as China's tightening export controls.
US President Trump threatened to raise tariffs on South Korean goods from 15% to 25%, citing delays by the ally’s legislature in approving a trade deal.
The US economy expanded at an annualized rate of 4.4% in Q3 2025, slightly above the initial estimate of 4.3%.
