2025-04-11 05:54:28 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 extended its record-setting rally, soaring by ?1,500 to hit fresh lifetime highs near ?93,500 on MCX, defying rupee strength as geopolitical tensions and tariff battles between the US and China escalated further. The reciprocal tariff actions have injected fresh uncertainty into global trade flows, prompting increased hedge positions in safe-haven assets like gold. Despite domestic currency appreciation, the robust global cues and heightened economic concerns have kept sentiment strongly bullish for bullion. With momentum in favor of buyers, gold now eyes the resistance zone of ?94,500–?95,000, while ?92,000 serves as an important support. Ongoing developments in the tariff dispute and investor positioning ahead of key global economic data will continue to drive price action."
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
Union Minister to launch fisheries projects worth Rs...
EAM Dr S Jaishankar & US Secretary of State Marco Ru...
Gurindervir Singh clinches 100m gold with record-bre...
US State Secretary Marco Rubio hails India-US strate...
Kane`s hat-trick steers Bayern to domestic double wi...
Srinagar`s Dal Lake Sees Rush of Tourists Enjoying S...
BPCL Reassures Consumers Amid Rising Demand; Operati...
Actor Ayushmann Khurrana praises Fit India Movement ...
Nifty-Bank Nifty SPOT Weekly Outlook from Bharat K G...
I wanted to keep speech short because it`s hot: Delh...
