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Gold Outlook - June 9, 2020 - Hareesh V, Head Commodity Research at Geojit Financial Services

Posted On: 2020-06-09 10:22:11


Weakness in the US dollar, fears of deep economic fallout and central bank's policy easing moves continue to support gold's haven appeal. Meanwhile easing lockdown restrictions in many countries and a gaining equity market are likely to limit major rallies in the counter.

Technical Outlook (London spot): As long as $1665 holds the downside, we can expect recovery moves in the counter. Else, may see corrective selling pressure for the day.


Source: Equity Bulls

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