Views on Gold by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd.
Below the Views on Gold by Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
"Gold is likely to trade steady to positive as trader’s/ market participants take pause and look for fresh cues with most of the uncertainty related to the trade tariffs and its impact seems already priced in. The bullion remains supported by weakness in the U.S. dollar, which is down nearly 1% so far in the week. Silver is likely to outperform gold in the near term, as a rally in industrial metals is likely to support prices."
"Technically, momentum in gold remains positive with support at 85900/ 85650, upside potential looks like 86900/ 87450."
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Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
