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Below the quote on the Gold Outlook from Hareesh V, Head of Commodities at Geojit Financial Services. "The ongoing geopolitical and economic uncertainties like higher inflation, China economic jitters, and the pandemic-related economic distortions amid the Russia – Ukraine war continue to offer support to the safe haven status of gold in the immediate run. Hopes of a demand recovery from India may also contribute to the trend. However, it is unlikely for major rallies due t...
Quote on the Gold Outlook from Hareesh V, Geojit Financial Services
Quote on Silver Outlook from Hareesh V, Head of Commodities at Geojit Financial Services. Silver returned to the spotlight recently, surging prices near one year high on demand optimism coupled with a weak US currency. In the overseas market, prices gained more than 25 percent in the last one-month period while the domestic futures prices rallied more than 20 percent in the same period. There are hopes that the industrial demand would grow on hopes of China’s growth...
Quote on Silver Outlook : Silver prices are usually extremely volatile in nature Says Hareesh V, Geojit Financial Services
Quote on Crude oil outlook from Hareesh V, Head of Commodities at Geojit FInancial Services. A possible global economic downturn, demand uncertainty from China, a build-up in inventories, and a possible surge in US output are the major reasons for the correction in oil prices. The recent output cut from OPEC and a possible shortage of Russian barrels are less likely to impact global oil prices due to concerns over demand from consuming countries. At the same time, since the present su...
Quote on Crude Oil : A possible global economic downturn, demand uncertainty from China Says Hareesh V, Geojit Financial Services
Below Quote on Gold & Akshaya Tritiya By Hareesh V, Head of Commodities at Geojit Financial Services. The ongoing uncertainties in the global economy would continue to support gold in the international markets. A weak US currency, unstable global equities, and robust physical demand from top consuming countries like China and India also assist the metal to edge higher in near future. In the domestic market, though there are chances of a technical correction as prices are at a...
Quote on Gold & Akshaya Tritiya By Hareesh V, Geojit Financial Services
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