Quote on Gold & Akshaya Tritiya By Hareesh V, Geojit Financial Services
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Below Quote on Gold & Akshaya Tritiya By Hareesh V, Head of Commodities at Geojit Financial Services.
The ongoing uncertainties in the global economy would continue to support gold in the international markets. A weak US currency, unstable global equities, and robust physical demand from top consuming countries like China and India also assist the metal to edge higher in near future. In the domestic market, though there are chances of a technical correction as prices are at all-time highs, the bullish trend is most likely to continue. Hopes of seasonal buying and demand for festivals like Akshaya Tritiya which fall next month may offer firm support to prices in the immediate run.
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