2024-08-03 05:12:15 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 prices surged by over ?600, reaching ?70,555, with Comex gold supporting the buying trend at $2,460, up by more than $17. The rise is driven by renewed fears of a US recession following higher jobless claims and escalating tensions in the Middle East, fueling safe-haven buying. Investors are now focused on the upcoming Nonfarm Payrolls and unemployment data, which will provide clarity on the likelihood of a September rate cut by the Federal Reserve. The broad trend for gold remains positive."
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
Market outlook: Quarterly earnings, inflation data, ...
S. Korea: Household loans by major banks rise in Jul...
Some conglomerates pay out dividends to owner family...
India and Iceland share common spirit of innovation,...
The Bank Nifty index is likely to face significant r...
Tripura exported 73.15 MT of pineapple in seven year...
GST Council meeting soon, tax slab rates and compens...
NABARD prepared to lead from front for India`s inclu...
India`s food delivery market to see 13-14 pc growth ...
The Potter Lifestyle: Crafting Clay, Crafting Life
