SELL GOLD APR @ 162000 SL 163000 TGT 160500-159500. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 162000 SL 163000 TGT 160500-159500. MCX
Observations
Gold trading range for the day is 157965-164345.
Gold rose as the conflict between US and Iran shows no signs of de-escalation, keeping geopolitical risks elevated.
Global gold Etfs added US$5.3bn in February, extending their ninth straight month of inflows - WGC
CME cuts initial margin on its COMEX 100 gold futures to 7% from 9%
Poland’s central bank chief weighs gold sales to finance defense
Silver
SELL SILVER MAY @ 269000 SL 271000 TGT 267000-265000. MCX
Observations
Silver trading range for the day is 256840-276220.
Silver rose amid safe-haven demand as Middle East tensions escalated.
Support also seen as weak February labor market data fueled concerns about an impending economic slowdown.
CME cuts initial margin on its COMEX 5000 silver futures to 14% from 18%
U.S. Federal Reserve policymakers will meet on March 18, where they are widely expected to hold interest rates steady.
