Quote on Gold 12th September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 12th September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold stayed positive with gains of 0.35% at Rs.1,09,350 as Comex traded firm at $3647, factoring in expectations of a Fed rate cut next week to support the US economy. Despite being in overbought territory, gold continues to enjoy a premium driven by tariff uncertainty and the de-dollarization theme. With US CPI and jobless claims in focus this week, markets are leaning towards a 0.50% cut along with a dovish stance. Gold trend remains positive within a range of Rs.1,07,000–Rs.1,12,000."
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