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

2025-03-25 04:27:08 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 remained positive with gains of 400rs at 87750rs & 14$ at 3022$ as market participants continued to factor in risks associated with Trump's reciprocal tariffs set to take effect from April 2. The ongoing uncertainty surrounding tariffs has kept demand for safe-haven assets elevated. In Comex, gold has a strong support level near $3,000, while in MCX, Rs.87,000 remains a crucial support zone. On the higher side, resistance is seen at $3,055 in Comex and Rs.88,500 in MCX. This week, key economic data, including the Core PCE Price Index and US GDP data, will be closely monitored for further market direction."

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

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