Morning Quote from Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

2025-02-11 02:39:50 pm | Source: Axis Securities

Morning Quote from Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

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Below the Morning Quote from Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities.

“MCX Gold prices have continued their record-breaking streak. In the past session, prices surged by over 900 points, driven by new tariff threats of 25% on steel and aluminum from Trump, which has increased safe-haven demand for the yellow metal. In 2025, prices have risen close to 11% due to the uncertain economic situation and increased buying from central banks, both of which have supported gold prices. Traders are now focusing on Fed Chair Powell’s speech this evening regarding monetary policy and the economic climate, which may add to the volatility of bullion prices”.

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Morning Quote from Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

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