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 prices are up $3,150 per ounce in the international market and have breached past 90,000 per 10gm in domestic market. The bullion has remained supported by rising uncertainty around U.S. led trade tariffs, signs of escalation in the middle-east tensions and hanging uncertainty over the Russia-Ukraine peace deal.
In the week ahead.... focus will be the implementation of U.S. reciprocal tariffs most of its trading partners, the manufacturing/ services PMI data and the U.S. non-farm payroll on Friday. Also, Federal Reserve Chair Jerome Powell and other central bank officials' speeches are due this week.
On Chart, trend in gold looks positive with supports at 89800/ 89400, while on the upside resistance is seen at 92000/ 92500."
Above views are of the author and not of the website kindly read disclaimer










Tag News

Quote On Gold and Crude by Kaynat Chainwala, Senior Manager - Commodity Research, Kotak Secu...


