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Motilal Oswal Report
‘Rollercoaster' is a perfect metaphor for how gold prices have moved in the last quarter; they traded in a broad range of 1,700 dollar and 2090 dollar amid various uncertainties, geopolitical tensions and the widespread impact following the outbreak of the coronavirus.
Trade tussle between U.S. and China has not intensified is a good sign, but neither has it progressed at a pace that both the nations would want to because of Covid-19 impact.
Uncertainty remains the same as there are many variables included with trade war this time.
Excess liquidity in the market will have its own spillover effect, boosting the prospects for the metal.
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