Quote on Gold 18 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 18 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded in a narrow range as investors await the US Federal Reserve’s policy decision, scheduled for 11:30 PM IST. MCX Gold remained within the band of Rs.99,150 to Rs.99,750, while Comex gold hovered around $3,375.
Market participants are closely watching three key macro triggers:
The US Fed’s interest rate decision
Geopolitical tensions between Iran and Israel
Progress in global trade negotiations
These factors are expected to drive volatility and set the directional tone for gold. The current trading range for gold is seen between Rs.98,500 to Rs.1,00,500 in the near term."
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