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
"In Comex, gold is trading flat near $2,656 after experiencing a strong $30 rally yesterday, while in MCX, it's up by Rs.200 at Rs.75,200. The recent surge in prices reflects strong momentum from previous sessions, with traders possibly pausing to consolidate gains. Participants are now focused on the upcoming Core PCE Price Index data set to be released on Friday. Continued focus remains on upcoming economic data, which could drive further price action. Support for gold in Comex is seen around $2,645-$2,652, while in MCX, support is near Rs.75,000-Rs.74,850."
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