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Below the Perspective on Gold by Mr. Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital

"We have continued our bullish stance on Gold for more than 2 years now , predicated on the weakness of the DXY as well as the de-dollarisation trend gaining strength especially post the incumbent US president taking over. In addition, recent tariff actions against India and Brazil by the US Trade agencies and the consequent potential for a different trade regime , an alternative power center for global exports, is likely to spur weakness in the US dollar going ahead which is commodity positive generally and specifically gold .

 We believe Gold will come out of its current turmoil strong and will head towards 3700 USD in the medium term. Silver has also come into the limelight after continued buying broke a previous resistance at USD 34 and we believe its headed towards first USD 42 and then USD 48 in the medium term."

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