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

2025-04-01 04:23:54 pm | Source: LKP securities Ltd

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

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

"Gold prices witnessed minor profit booking in the morning session as market participants took a cautious approach ahead of tomorrow’s major announcement on reciprocal tariffs from the US. With gold already factoring in most of the tariff-related moves, any delay or lower-than-expected tariffs could trigger further profit booking. On MCX, gold registered a fresh all-time high of ?91,400 in the June contract, marking an impressive 18% gain in 2025 so far. The week ahead remains highly volatile, with a trading range projected between ?88,500-?92,500. Additionally, key economic data, including Manufacturing and Services PMI, ADP unemployment, Nonfarm Payrolls, and US Unemployment data, will keep traders on edge, influencing gold’s movement further."

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

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