Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2025-03-20 04:48:51 pm | Source: LKP Securities Ltd

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

News By Tags | #Gold #CommodityTips #ExpertViews #LKPSecuritiesLtd #JateenTrivedi

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices experienced a minor correction in Comex from the $3,050 level as profit booking emerged after a sharp rally from $2,850 to $3,050 in just two weeks. While the Fed’s policy stance provided support, markets appear to have absorbed the positive cues, and improving risk sentiment could lead to further corrections in bullion, with a potential decline of $30–$50 in the coming days. In MCX, gold is expected to find support near Rs.87,500, while Rs.89,000 will act as a key resistance level."

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

IGI Logo

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Top News

Tag News

More News