Views on Gold 14th July 2025 By Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Below the Views on Gold 14th July 2025 By Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
"Gold has again resumed is up-move with prices poised to again move towards their all-time high, supported by rising tariff related uncertainty, possibility of escalation in the Russia-Ukraine war, and rising demand from ETF investors and central banks for diversification.
Overall, we expect momentum to remains positive with support at Rs. 96,000/ 94,900, upside potential Rs. 99,500/ 10,4000 (short-term). Some key data to focus during the week would be inflation data from U.S. / U.K./ Euro zone and retails sales/ consumer sentiments from U.S."
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