Quote on Gold 24th November 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 24th November 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold is attempting to reclaim momentum as prices hover near $4,100, driven by growing expectations of a December Fed rate cut, now priced at 71% probability after dovish hints from officials like Miran and Williams. While US economic data shows resilience, weakening consumer sentiment keeps uncertainty elevated, allowing gold to stay well-bid. Bullion has been choppy over the past three sessions, reflecting traders’ indecision, but with rate-cut bets rising and geopolitical risks lingering, dips in gold are likely to attract renewed buying interest in the coming week with next resistance seen around 125000 and support near 122000."
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