2025-01-23 04:48:06 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 experienced minor profit booking following the positive rallies witnessed in the past few days after Trump's oath. Market participants are now focusing on the upcoming U.S. Federal Reserve policy meeting scheduled for January 29, 2025. With recent data, including a lower-than-expected CPI and softer payroll numbers, expectations are building for the Fed to adopt a rate-lowering stance. However, ahead of the event, some resistance is likely as traders may book profits at higher levels. In MCX, gold could see profit booking towards the Rs.78,800-Rs.79,000 zones, with volatility expected to persist until clearer cues emerge from the Fed's policy announcement."
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
Solar PV component market in India to exceed $7 bill...
India`s mineral production surges to all-time high i...
India`s cotton yarn industry poised for 9 pc growth ...
Apple likely to manufacture iPhones worth Rs 3.36 la...
NSE portal back online after brief outage
Most Market Roundup : Sensex Jumps 300 Points, Nifty...
Where ideas ride highways and dreams fuel engines - ...
Quote on Rupee by Jateen Trivedi, VP Research Analys...
Quote on Gold by Jateen Trivedi, VP Research Analyst...
India`s startup hiring surges 32 per cent, sustainab...
