Insights

Precious Metals Retreat on US Election Results Uncertainty

Daily Report

After months of speeches, polls, debates, and suspense, election day is finally here. Yesterday, Americans went to the polls to pick between former President Donald Trump and current Vice President Kamala Harris. Both sides will spend like money grows on trees, which is a tailwind for precious metals.

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Will Gold touch $2800 (~Rs 80000) before this Diwali?

Weekly Blog

Gold has been trading in the up-trend channel for the last year since $1850 (~Rs 56000). Immediate resistance in this channel is around $2800 (~Rs 80000), and support is around $2550 (~Rs 74000). The bullish view is intact as long as gold prices are in this up-trend channel.

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