Quote on Gold from 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 traded slightly lower at Rs.86,000, down by Rs.150, while COMEX gold slipped by $4 to $2,913 as markets remained cautious ahead of the US CPI data release later in the evening. The data will be crucial in shaping expectations for future Fed rate decisions, which could influence gold's movement in the coming sessions. ETF inflows supporting the bullish sentiment. Additionally, cooling US CPI data raised expectations of a potential rate cut from the Fed, further boosting gold’s appeal. The expected trading range for gold is Rs.85,000-Rs.86,500."
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