Quote on Gold 20th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 20th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded in a flat and narrow range around $3315–3325 on COMEX and near ?98,800 in domestic markets, as participants remained cautious ahead of Jerome Powell’s Jackson Hole speech on Friday. The focus is on signals regarding the timing and magnitude of potential interest rate cuts, especially after the recent U.S. Non-Farm Payrolls data showed a notable slowdown, increasing pressure on the Fed to act. The metal has strong support around Rs 98,000, while resistance is placed near Rs 1,01,500, and traders are likely to maintain a wait-and-watch approach until Powell’s comments provide further clarity on monetary policy direction."
Above views are of the author and not of the website kindly read disclaimer
