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

2025-02-14 05:59:57 pm | Source: LKP securities Ltd

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

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Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices continued their upward momentum, driven by a weaker dollar index and sustained support from US tariff policies. In MCX, gold rose by Rs.475 to Rs.86,280, while Comex gold gained $18 to trade at $2,935. The focus now shifts to upcoming US Retail Sales and Core Retail Sales data, which could influence the next move in gold. The trend remains positive, with Rs.85,750 acting as a support zone and Rs.87,000 emerging as the next resistance level."

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

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