Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold Trades Volatile on Rupee Fluctuations and Global Trade Optimism
Gold prices witnessed a volatile session, oscillating between Rs.95,750 and Rs.96,750 on the MCX, largely influenced by sharp movements in the rupee. On the global front, Comex gold eased as market sentiment turned optimistic following trade-related announcements between the U.S. and Europe, along with the possibility of renewed trade talks between the U.S. and China.
However, the overall risk environment remains fluid. While trade optimism is exerting pressure on gold, ongoing border tensions and shifting geopolitical narratives continue to lend support. In the near term, gold is likely to remain range-bound between Rs.94,500 and Rs.97,500, with heightened volatility expected as risk sentiment continues to fluctuate."
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