2025-03-04 11:38:40 am | Source: Kedia Advisory
Sell Gold Apr @ 85600 SL 85900 TGT 85200-84900. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 85600 SL 85900 TGT 85200-84900. MCX
Observations
Gold trading range for the day is 84190-86030.
Gold rose as concerns over U.S. President Donald Trump's tariff policies prompted safe-haven flows.
Trump's proposed tariffs on Mexican and Canadian goods, set to take effect on March 4, alongside an additional 10% duty on Chinese goods.
Fed could restart cuts to short-term borrowing rates in June and follow up with another reduction in September. UBS forecast for gold to reach USD 3,000/oz this year is unchanged
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