Quote on Gold 23rd October 2026 from Jateen Trivedi, VP Research Analyst

2026-10-24 05:33:05 pm | Source: LKP securities Ltd

Quote on Gold 23rd October 2026 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 23rd October 2026 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold continued its downward trend, declining more than 3.5% this week to around ?1,42,800, as COMEX Gold corrected towards $4,000 amid growing expectations of a US interest-rate hike. Higher rate expectations and elevated bond yields continue to weigh on bullion by increasing the opportunity cost of holding non-yielding assets. Going ahead, the Fed’s policy decision next week will be the key trigger, with the rate outlook and policy guidance likely to determine gold’s near-term direction."

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Quote on Gold 23rd October 2026 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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