Gold prices dipped amid easing US-EU tariff tensions, but technical indicators suggest an upward bias. Key support lies at Rs 95,200 with resistance near Rs 96,700. Analysts advise a buy-on-dips strategy as volatility compresses, awaiting cues from US macro data and Fed Chair Powell’s speech. Domestic rupee movement and geopolitical developments may keep MCX gold resilient.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets