Quote on Gold 03rd September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 03rd September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded positive with highs of $3545 on COMEX and ?1,06,300 on MCX, sustaining its bullish momentum as dollar weakness, tariff uncertainty, and geopolitical positioning between the US, India, Russia, and China continue to guide prices higher. This week’s focus remains on key US data—ISM Services PMI, jobless claims, and Fed officials’ commentary—which will drive near-term sentiment. The short-term range stays positive with support at $3480 and resistance at $3565 on COMEX, while MCX Gold finds support near ?1,05,000 and resistance at ?1,07,500."
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