Quote on Gold 26th June 2025 by Jateen Trivedi, VP Research Analyst

2025-06-26 04:46:48 pm | Source: LKP Securities Ltd

Quote on Gold 26th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 26th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold remained range-bound as dollar index weakness provided support, while the Federal Reserve’s stance of no immediate rate cuts weighed on sentiment. Despite this, the broader trend for gold continues to lean positive due to ongoing geopolitical and economic uncertainties. However, rupee appreciation has limited upside in domestic gold prices, creating a subdued tone.

The immediate focus for market participants is on the upcoming US Core PCE Price Index, a key inflation gauge that could influence Fed policy.

MCX Gold is expected to trade within a range of Rs.95,500 to Rs.98,500 in the near term."

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Quote on Gold 26th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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