Commodities
Gold Price Prediction Cautiously Bearish to Sideways: Univest
The gold price prediction for tomorrow is cautiously bearish to sideways according to Univest's analysis. MCX Gold (Sep) closed at Rs 1,53,110 per 10 grams on August 18, a decline of +0.02% from the previous day.
Ankit Jaiswal notes that gold and equities declined together on August 19, suggesting short-term positioning adjustments rather than a fundamental bearish shift in the gold price prediction for tomorrow.
Kunal Singla observes that safe-haven fundamentals remain intact, with India VIX at 11.31 and ongoing geopolitical tensions preventing a sharp decline in the gold price prediction for tomorrow.