2025-04-09 04:35:36 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 a sharp rally as prices surged by $40 in Comex and Rs.1,800 in MCX, primarily driven by the rapid escalation of the US-China tariff war. China's countermeasures and the US hiking tariffs to 104% on key Chinese imports have reignited fears of a global slowdown, prompting a fresh wave of safe-haven buying in gold. Domestically, the RBI’s Monetary Policy Committee added further fuel to the bullish sentiment by cutting the repo rate by 25 bps and shifting to an accommodative stance. The central bank also revised its GDP forecast lower, citing global tariff tensions and uncertainty as key downside risks. This dual impact of geopolitical uncertainty and dovish monetary policy has set the stage for continued volatility in gold. In the near term, MCX Gold is expected to remain on a roller-coaster ride within the broad range of Rs.88,500 to Rs.91,000."
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
Views on Weekly Fixed Income by Puneet Pal, Head-Fix...
Rupee weakens against US dollar on Tuesday
Golden Goose Rolls Out Centric Planning to Optimize ...
CM Mohan Charan Majhi unveils Odisha`s maritime visi...
360 ONE Asset backs Cybrilla in Pre-Series A round t...
India-EU free trade pact to play key role amid US ta...
Foreign Investments in Indian Real Estate Decline Am...
Piyush Goyal in Brussels: India, EU push mutually be...
Natural gas prices on Friday fell to a new 1-week lo...
Stock Picks : Titan Company Ltd, Canara Bank Ltd - I...
More News
Monsoon-Led Optimism Meets Price Headwinds: India`s Gold Demand Outlook for 2025 by Amit Gup...
Quote on Gold and Crude 01st September 2025 by Kaynat Chainwala, AVP - Commodity Research, Kotak Securities
Quote on Gold 29th September 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold 05th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
