2025-06-20 02:13:08 pm | Source: JM Financial Services Ltd
Views on Gold 20 June 2025 By Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Below the Views on Gold 20 June 2025 by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
"Gold’s prices rally took breather this week on profit-booking, after U.S. Fed's hawkish comments on interest rates and easing geo-political risk premium following reports that U.S. President Donald Trump likely decide on entering the Iran-Israel war in two weeks - leaving some room for Iran to negotiate on its nuclear program.
On charts prices may find some resistance around Rs. 99,300/ 99,650, while on the downside support is seen at Rs. 98,000/ 97,650"
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