🧵 1. Gold price outlook by TradeBulls Securities: Look for buying at Rs 71000-72000 range amid global tensions and dovish Fed stance. #finance
🧵 1. Gold price outlook by TradeBulls Securities: Look for buying at Rs 71000-72000 range amid global tensions and dovish Fed stance. #finance
🧵 2. U.S. weak economic data and Fed's dovish stance support gold prices above $2400 as market anticipates rate cuts in September.
🧵 3. U.S. manufacturing PMI miss boosts gold bulls' confidence as Fed hints at possible rate cut this fall.
🧵 4. Safe-haven demand lifts gold amid escalating Middle East tensions, with Israel suspected in airstrikes boosting gold's appeal as geopolitical uncertainty rises.
🧵 5. Market sentiment favors gold as other assets face sharp losses; even if US jobs data surprises, fundamentals support strong gold prices, per TradeBulls Securities analyst Bhavik Patel.
🧵 Read more at: https://www.financialexpress.com/market/cafeinvest-gold-may-see-good-buying-opportunity-around-rs-71000-72000-says-tradebulls-securities-3572068/