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
No toll proposed for 2-wheelers, says Nitin Gadkari ...
MOSt Market Roundup : Nifty future closed positive w...
Evening Track : Gold steadies amidst Mideast De-esca...
Quote on Market Wrap 26th June 2025 by Shrikant Chou...
Quote on Rupee 26th June 2025 by Jateen Trivedi, VP ...
Quote on Gold 26th June 2025 by Jateen Trivedi, VP R...
H&M reports drop in quarterly net sales despite grow...
Quote on Nifty 26th June 2025 by Rupak De, Senior Te...
Quote on Market Wrap 26th June 2025 by Mr. Ajit Mish...
Reduce TCI Express Ltd For Target Rs. 650 By Emkay ...
Tag News
Quote on Gold 26th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency...
Views on Gold 26th June 2025 By Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Quote on Crude and Gold 26th June 2025 by Kaynat Chainwala, AVP - Commodity Research, Kotak Securities
Quote on Gold 25th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
