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06-12-2024 05:13 PM | Source: LKP Securities Ltd
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
"Gold traded with minor gains, closing at Rs.76,650 on MCX, as markets await key Non-Farm Payroll and unemployment data later this evening. These metrics are crucial for shaping the Fed's policy outlook. While gold maintains a positive trajectory, resistance is evident near Rs.77,000 - Rs.77,500. Strong support at Rs.75,500 - Rs.76,000 presents a potential buying opportunity for long positions."
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