2024-12-20 04:55:26 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 witnessed minor buying as the $2,600 level on Comex acted as a temporary support, alongside Rs.75,500 in the domestic MCX market. The momentum remains volatile due to uncertainties surrounding the interest rate cycle. Although the Fed decided to keep rates lower, its projections indicated fewer rate cuts going forward, which has maintained pressure on gold prices for the past two days. In the near term, gold prices are expected to trade within a range of Rs.74,500 to Rs.76,500."
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