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Below the Quote on Gold Commentary: 12th March 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd

Gold traded steady on a possible ceasefire deal in Ukraine while Silver gained momentum amidst rally in industrial metals. The United States agreed to resume military aid and intelligence sharing with Ukraine after talks where Kyiv said it would accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia. Meanwhile, President Trump defended his tariff policies as he met the CEOs of America's biggest companies, including many whose market value has dipped in recent days as growth slowdown and inflation fears soured consumer and investor sentiment. US Jolts data showed that job openings, a measure of labor demand, were up 232,000 to 7.740 million by the last day of January. Data for December was revised lower to show 7.508 million vacancies instead of the previously reported 7.600 million. Investors braced for a key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears.

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