Quote on Market Movement 10 June 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

2025-06-10 11:03:34 am | Source: Axis Securities Ltd

Quote on Market Movement 10 June 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

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Below the Quote on Market Movement 10 June 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

MCX Gold recovered from its intraday lows and ended the previous session with a modest gain of approximately ?100. However, in early morning trade, prices dropped sharply by over ?700, primarily due to a rebound in the Dollar Index, which negatively affected sentiment in the bullion market. Looking ahead, we expect increased volatility in gold prices this week, driven by significant macroeconomic events, including the US inflation print and consumer sentiment data. Any unexpected deviations in these figures could influence the Federal Reserve’s stance on interest rate cuts, potentially impacting bullion prices in the near term

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Quote on Market Movement 10 June 2025 by Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities

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