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
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
Latest News
SECI, Andhra Pradesh finalise 1,200 MWh battery stor...
FII selling in Nov crosses Rs 13,925 crore, trend se...
Indian media and entertainment sector projected to c...
FM Nirmala Sitharaman inaugurates Artificial Intelli...
Gujarat's Garvi Gurjari records over Rs 17 crore han...
Gold breaks weekly losing streak but falls after US ...
Venezuela eyes cooperation in critical minerals, att...
Office leasing, premium housing drive real estate s...
IndiGo to start flights from Navi Mumbai Internation...
Company Update : Kolte Patil Developers Ltd by Motil...
