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

"Gold traded weak, slipping by $4 to $3,277 in Comex and down ?740 to ?94,250 in MCX, as risk sentiment softened. The easing came amid the US opening tariff talks with multiple nations and growing expectations of a possible China-US trade agreement according to US Pres Donald Trump. Additionally, optimism around a potential Russia-Ukraine peace deal further weighed on safe-haven demand for gold.

This week’s crucial US economic releases ADP Nonfarm Employment Change, Nonfarm Payrolls, and Unemployment Rate will be closely watched and are likely to drive volatility.

In the near term, gold is expected to trade within a range of ?93,000–?94,500 on MCX, with participants maintaining a cautious approach."

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