Gold Outlook - June 2, 2020 - Hareesh V, Head - Commodity Research, Geojit

Hints of economic recovery as more countries eased lockdown curbs and gaining equities likely to hit the safe-haven demand of the yellow metal. However, lingering US-China tensions, protests in the United Sates and an underperforming dollar would curb major liquidation pressure.

Technical Outlook (London spot): Prices need to stabilize above $1745 to strengthen the present buying momentum towards $1775 followed by $1800 levels. Else, may see a corrective selling pressure for the day.

Source : Equity Bulls

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