Quote on Gold 22nd August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 22nd August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded range-bound to weak over the week, slipping by nearly ?800 as rupee appreciation and a decline in COMEX gold from $3400 last week pressured domestic prices. Despite the dip, sentiment remains broadly positive as the upcoming Fed meeting is expected to deliver a rate cut, with recent US payrolls data signaling weaker economic cues. Investors are now eyeing Powell’s speech at Jackson Hole as the key event that could guide near-term sentiment. On the technical front, support is placed at ?98,500–?98,000, while resistance stands at ?1,01,500–?1,02,000, keeping the bias mildly bullish ahead of policy clarity."
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