Quote on Gold 02nd September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 2nd September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded volatile with minor gains at $3481, with a broader range seen between $3470–$3500 as profit booking emerged at higher zones. On MCX, gold tested highs of Rs.1,05,340 before slipping toward Rs.1,04,500 on profit booking, largely driven by rupee strength and slight resistance in COMEX near the $3500 mark. This week’s US data, including ISM services, trade balance, and non-farm payrolls, will be key in guiding sentiment, as Fed policy expectations remain central to the outlook. A sustained break above $3510 on COMEX or Rs.1,05,500 on MCX could extend the rally, while $3450/$104,000 act as immediate supports."
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