2025-05-07 11:57:10 am | Source: Kedia Advisory
Sell Gold Jun @ 97700 SL 98000 TGT 97300-97000. MCX - Kedia Advisory
Gold
SELL GOLD JUN @ 97700 SL 98000 TGT 97300-97000. MCX
Observations
Gold trading range for the day is 94390-99110.
Gold rose as President Donald Trump's new tariff threat spurred demand for safe-haven assets.
President Trump opened a new front in his trade war, saying movies produced outside the U.S. would face a 100% tariff.
Investors are now awaiting the Federal Reserve's policy decision and speeches by several Fed officials due this week.
The U.S. central bank is expected to keep interest rates unchanged, despite continued pressure from President Trump.
Disclaimer:
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