2025-09-08 05:52:25 pm | Source: LKP securities Ltd
Quote on Gold 8th September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 8th September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold took positive cues with gains of $28 at $3615 on COMEX and ?300 at ?1,08,000 on MCX, after last week’s weak Non-Farm Payrolls data strengthened expectations of a Fed rate cut in the upcoming meeting. Tariff uncertainties along with firm rate cut expectations continue to provide strong support to Gold. This week, US CPI and Core CPI data will play a key role in guiding trend and volatility. Key support for Gold is seen at $3560 / ?1,06,500, while resistance is placed at $3650 / ?1,09,500."
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