Quote on Gold 20June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 20June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded weak, falling by Rs.500–Rs.750 to around Rs.98,800 in MCX, following pressure from a hawkish stance by the US Federal Reserve. The Fed pushed back expectations of any imminent rate cut, which led to unwinding of recent gains in Comex gold as well.
However, geopolitical tensions in the Middle East, particularly the ongoing conflict involving Iran and Israel, have limited the downside for gold. The safe-haven demand continues to underpin sentiment amid uncertainty.
Looking ahead, developments on US trade tariffs and Middle East military engagement will drive volatility. Any signs of de-escalation or non-involvement from the US in the Iran-Israel conflict could keep gold under pressure. On the flip side, renewed tensions will continue to support prices.
Gold is expected to trade in a volatile range of Rs.97,500 to Rs.1,00,000 in the near term."
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