Quote on Morning Movement by Deveya Gaglani, Senior Research Analyst - Commodities, Axis Securities
Below the Quote on Morning Movement by Deveya Gaglani, Senior Research Analyst - Commodities, Axis Securities
Comex Gold extended its winning streak to a seventh straight session, gaining nearly 1% in the previous trade. A similar run was last seen in Mar’24, underscoring the strong bullish undertone in the metal. Expectations of an imminent rate cut, rising economic uncertainty, and steady inflows into gold ETFs have strengthened safe-haven demand, drawing investors toward bullion. In the domestic market, Gold prices touched a record high of Rs 107,000 level. Market attention now shifts to this week’s non-farm payroll data, which could set the tone for the next directional move.
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