2025-02-12 09:12:03 am | Source: Kedia advisory
SELL GOLD APR @ 85700 SL 85900 TGT 85400-85200. MCX - Kedia Advisory
GOLD
SELL GOLD APR @ 85700 SL 85900 TGT 85400-85200. MCX
Observations
Gold trading range for the day is 84040-87100.
Gold prices slipped as investors booked profits following a record high.
Trump substantially raised tariffs on steel and aluminium imports to a flat 25% "without exceptions or exemptions".
PBoC increasing its reserves for the third consecutive month in January.
Investors continued to anticipate two Fed rate cuts in 2024 despite strong labor data, aligning with FOMC projections.
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