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 experienced positive buying momentum as a weaker dollar index lent support to the metal. However, the possibility of white flags in the Middle East could lead to profit booking at higher levels. Market participants are keenly awaiting the U.S. CPI data later in the evening, as it will offer significant insights into the Federal Reserve's future stance on interest rates, potentially impacting gold's trajectory. Volatility is expected to remain high. In the domestic market, gold maintains a positive outlook as long as prices stay above Rs.77,000, with Rs.79,250 acting as a key resistance level."
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