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

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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