Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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
More News
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
