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Below the Quote on Gold Market Update by Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd

Gold Market Update:

All-time high on COMEX & domestic markets

More than 15% YTD gains on both exchanges

Key drivers: Trump tariff threats, geopolitical tensions, fall in dollar index, central bank buying, investor demand & rate cut expectations

Geopolitical support: US-Iran tensions in highlights, Israel-Hamas conflicts despite ceasefire news

April 2nd event: President Trump has promised "liberation day" on April 2nd with tariffs targeting countries that have persistent trade gaps with US. If these announcements are not as agressive as expected it could weigh on bullions.

Overall trend remains positive, but caution is advised until clarity on Trump tariff's and Fed rates emerges.

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