The price of gold is still receiving support from the current world geopolitical tensions. The increasing tensions between Russia and Ukraine have caused a rise in demand for safe-haven assets, including gold. The recent news of a major dam and power plant blowing up in Ukraine, leading to flooding and fears of crop damage, has further fueled this demand.
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Gold prices have bounced back due to a larger-than-anticipated drop in the US services sector during May. Some experts suggest that the precious metal is gaining momentum as the economy remains bleak, and economic data continues to disappoint. This trend of recession may force the US Federal Reserve to put a halt on raising interest rates. There is a high...
If Market Opens flat or gap down it can take support from 36950 level as it a very good support
and if Market opens gap up it may create volatility and give a further breakout as a trend line is being made
