Quote on Gold 21st August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 21st August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded in a range as market participants awaited Powell’s speech at Jackson Hole on Friday evening, with prices holding near $3338 on COMEX and around Rs.99,250 in domestic markets, reflecting a largely range-bound session. Investors remained cautious ahead of key policy cues, with the market seeking clarity on the Fed’s stance toward rate cuts. On the technical front, immediate support is seen near Rs.98,500, while resistance is placed at Rs.1,00,000, suggesting consolidation until fresh triggers emerge."
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