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

2025-03-18 05:26:26 pm | Source: LKP Securities

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 continues its upward momentum, rising by Rs.570 to Rs.88,600 in MCX and gaining $15 to reach $3,025 in Comex. The overall sentiment remains uncertain amid heightened geopolitical tensions, with President Donald Trump vowing to persist with U.S. strikes on Yemen’s Houthis unless their Red Sea attacks cease. This instability in the Middle East, coupled with China’s plans for additional economic stimulus, has further fueled safe-haven demand for gold. With these factors in play, the gold price range has shifted higher to Rs.88,000–Rs.89,200."

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

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