Quote on Gold by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd

2025-01-14 05:14:28 pm | Source: JM Financial Services Ltd

Quote on Gold by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd

News By Tags | #Gold #CommodityTips #ExpertViews #JMFinancialServices #PranavMer

Below the Quote on Gold Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd

"Gold prices pared some recent gains yesterday and was down along with U.S dollar, as we look ahead to the U.S inflation data later in the week and as Donald Trump starts his tenor at U.S President next week. Although market have priced in Trumps expected actions but focus still remains on actual implementation and its impact. On the inflation front, U.S data holds key to Fed's next move with markets mostly pricing in no rate cuts for the year 2025.

On chart... momentum looks consolidative with resistance at 78700/ 78800, while on the downside support holds at 77700/ 77450."

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Quote on Gold by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd

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