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Daily MCX Bullion Report Update – Monday 24th Aug 2026

By August 24, 2026No Comments

Fundamentals for the Day

11.30 pm Treasury Sec Bessent Speaks

Latest News

Trump on Canada: They have charged our great farmers, for many years, massive amounts of tariffs. No more!
Carney: Canada Has Suspended Trade Negotiations With US
*CARNEY SAYS CANADA TO MATCH US TARIFFS DOLLAR FOR DOLLAR
Canada Sees Long Trade War With Us That May Last Past Midterms

Effect: Trade war between US-CANADA start with Tariff at the same time Canada Retaliate by US Tariff this will only upside for Gold – where it is moving towards 4773$ straight away

157281 Bottom out levels for this upside of Gold now.

Gold

Range: 160500 – 167000

Our Preference: Buy Gold @ 162000+ for target 164500 & 167000 with SL 161600 below only if sustain

Alternative Scenario: Buy Gold @ 160500+ for target 164500 & 167000 with SL 160000 below only if sustain

ZIGZAG Point

164500 Sell for Jobbing for ZIGZAG

157281 Bottom Out Point

Silver

Range: 242000 – 249000

Our Preference: Buy Silver @ 242000+ for target 249000 with SL only below 240400 if sustain

ZIGZAG Point

244900 Buy start for the Day

Breakout Buy or Any latest Update will be given in What’s App Broadcast – type “Live Bullion Update” – send on “7046379799

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