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

2024-06-05 03:25:58 pm | Source: JM Financial Services

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

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

"Gold is still confined in a 800/1000 point range for the eight straight session, while U.S. dollar index trades steady above support at 103.8. Focus ahead will be on the European Central Bank policy meeting on Thursday and the U.S. NFP data of Friday.

Technically, support holds at 71450/ 70800, while on the upside resistance is seen at 72500/ 72650."

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

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