Quote on Market Movement 26th November 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities Ltd

2025-11-26 04:23:57 pm | Source: Axis Securities Ltd

Quote on Market Movement 26th November 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities Ltd

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Below the Quote on Market Movement 26th November 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities Ltd

Comex Gold traded with volatility in the last trading session following several news flows. Rate cut probability increased after weaker-than-expected Core PPI data, while reports of Zelensky accepting the terms of a U.S. brokered peace deal kept prices range-bound. However, prices are trading on a positive note in the morning session as markets are now pricing in more than an 80% chance of a 25-bps cut, up from 50% a week earlier. In the domestic market Gold prices are back above 125000 level. We expect prices to trade with a positive bias as long as the 124000 level is intact on the downside.

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Quote on Market Movement 26th November 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities Ltd

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