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 trades higher with strong gap-up, volatility to persist.
Gold opened with a strong gap-up of over Rs 1,000, hitting Rs 95,700 in MCX, as Comex Gold held firm above $3,300. The renewed upside came after a sharp shift in the Trump administration’s tone - indicating that tariffs may still remain a central part of the conversation before any concrete trade talks with China begin.
This delay in diplomatic progress, coupled with uncertainty around China’s official response, continues to keep risk sentiment elevated. Notably, China has yet to issue a strong or clear stance on the trade discussions, which adds to the geopolitical fog.
Given the lack of clarity and persistent tariff-driven tension, gold is likely to remain highly volatile. Price action between Rs 94,000–Rs 97,000 in MCX can be expected over the next two sessions, offering trading opportunities on both long and short sides. The directional trend will remain data- and headline-sensitive."
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