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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 experienced volatility as Comex gold found support near $2,730 but struggled to break above $2,750. With the U.S. election results due in the next two days, market participants are expected to have mixed sentiments, likely resulting in a range-bound session between Rs.78,000 and Rs.79,000 in MCX. Once the election outcome is announced, gold could see a decisive move of around Rs.1,000-Rs.1,500 in the coming days. Key support levels lie between Rs.78,000-Rs.77,800, while resistance is positioned at Rs.79,000-Rs.79,175."
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