2025-05-19 06:09:01 pm | Source: JM Financial Services
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 have started the week on a positive note as safe-have bids rose after Moody’s downgraded the U.S. sovereign credit rating to AA1 from AAA, while concerns over U.S. trade tariffs and middle-east geo-political tensions is likely to the bullion supported. Focus during the week will be on the U.S. data on manufacturing/ services PMI, and housing data.
On the charts immediate support at Rs. 93,000 and next at Rs. 92,400, while on the upside resistance is seen at Rs. 94,200/ 95,500."
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