Quote on Gold 11th September 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 11th September 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded with a gap-down opening as crude prices surged more than 16% this week, keeping pressure on bullion through higher inflation expectations and concerns over a tighter interest-rate outlook. With the upcoming Fed policy decision, the possibility of a rate hike or hawkish commentary from the Fed Chair could keep gold under pressure. However, a recovery was seen in gold from around Rs1,50,800 to Rs1,53,000 as crude corrected from the $110.40 zone towards $104.50, providing some relief to bullion. Gold range can be seen between Rs1,49,000–Rs1,54,000."
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