Commodity Talk: Gold overbought, wait for corrections, says Jigar Pandit of Sharekhan

March 7, 2024

Jigar Pandit, Vice President at Sharekhan by BNP Paribas says: “Gold is overbought and one should wait for correction. Entry levels at $2,100 and $2,088 suggested. Long term target remains $2,400. Uncertain about June rate cut. We expect silver to perform sluggish in H1-2024 as Industrial demand from China has been very weak since returning from Lunar Holiday.”

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