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

2024-12-16 05:08:06 pm | Source: LKP Securities Ltd

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 traded within a volatile range, continuing last week's up-and-down swings as markets brace for a series of major economic events this week. Key data points include the US Fed's policy outlook, the PCE price index, RBI meeting minutes, and updates from the ECB and China's monetary policy decisions. Amid these developments, gold is likely to trade between $2,645–$2,675 on Comex, with minor strength expected on dips. In MCX, the range is projected at Rs.76,500 – Rs.78,000, as traders navigate heightened uncertainty."

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

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