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Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
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Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices witnessed slight profit-taking as traders preferred to secure gains from recent rallies ahead of Friday’s key events—the Non-Farm Payroll (NFP) and unemployment reports. Currently trading around Rs.79,400 in MCX, gold faces resistance at Rs.79,600, while Comex shows a hurdle near $2,790. The upcoming U.S. election next week is expected to be a decisive factor for gold’s trend, with market participants closely watching its outcome for further direction."
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