2025-01-27 06:00:41 pm | Source: LKP Securities Ltd
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 experienced volatile trading as the first session of the week saw profit booking, with Comex gold encountering resistance near $2,770 but maintaining strong support around $2,750, showcasing resilience to break below that level. In the domestic market, MCX gold traded within a range, with buyers capitalizing on the weak opening as Rs.79,675 provided immediate support ahead of the U.S. Federal Reserve's interest rate decision. The upcoming Fed policy announcement remains a key focus for market participants, and gold is likely to remain range-bound, trading between Rs.79,000 and Rs.80,600 in the short term."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Aluminium trading range for the day is 365.6-371.4 -...
Adani Ports shines on recording 15% growth in cargo ...
Buy Copper MAY @ 1275 SL 1265 TGT 1285-1295. MCX - K...
Bajaj Auto surges on reporting 40% rise in April sales
TVS Motor Company rises on reporting 7% sales growth...
Copper prices are expected to trade with negative bi...
India`s manufacturing PMI rises to 54.7 in April ami...
HPL Electric & Power zooms on bagging work order wor...
NCC surges on bagging four orders worth Rs 1703.27 c...
Sell GBPINR MAY @ 129 SL 129.3 TGT 128.7-128.4 - Ked...
