2025-02-17 09:39:52 am | Source: Kedia advisory
SELL GOLD APR @ 84800 SL 85000 TGT 84500-84300. MCX - Kedia Advisory
GOLD
SELL GOLD APR @ 84800 SL 85000 TGT 84500-84300. MCX
Observations
Gold trading range for the day is 83455-86975.
Gold dropped on profit booking as markets assessed global demand for safety and the outlook of the Fed’s monetary policy.
Uncertainty over the Trump administration's policies on trade, tariffs and broader foreign policy continues to support bullion.
Trump directed his economic team to formulate plans for reciprocal tariffs on every country that imposes taxes on U.S. imports.
Gold demand weakened in India as record prices curbed retail buying and forced dealers to offer discounts.
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