2025-06-05 04:31:58 pm | Source: JM Financial Services Ltd
Views on Gold 05 June 2025 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 may see some consolidation ahead of the ECB policy meeting out later in the day and the U.S. employment data on Friday. Overall bias remains positive amid rising economic uncertainty due to tariffs, weaker than expected U.S. data and falling treasury yields & the dollar index.
On Charts, the trend remains positive till holding above support at Rs. 97,850/ 97,650, while on the upside prices may test Rs. 98,650/ 99,000."
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