2025-02-28 05:57:52 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 prices faced weakness as the dollar index surged above 107.30$, adding pressure on bullion. With Comex gold breaking below $2,900, profit booking emerged as the Fed signaled no urgency in aggressive rate cuts. The overbought market condition also contributed to the pullback. The $2,840-$2,850 zone is crucial; a breach below $2,840 could lead to a further decline toward $2,800-$2,790 in the coming days. In MCX, Rs.84,000 remains a key level, aligning with the 25-DMA, where market participants may look for signs of recovery."
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

World Bioproduct Day: India targets $300 bn bioecono...

Evening Roundup : A Daily Report on Bullion Energy &...

UAE`s new Golden Visa norms mark a significant shift...

Jane Street saga: Rahul Gandhi says F&O trading a pl...

MOSt Market Roundup : Nifty opened flat, hit 25400 l...

Smartworks Coworking Spaces Ltd. IPO to open on July...

Metals & Mining Q1FY26 Results Preview by Axis Secur...

Securitisation volume rises to Rs 49,000 crore in Q1...

Perspective on Markets 07 July 2025 by Mr. Vikram Ka...

UltraTech`s mine awarded India`s first ever 7-star r...