Gold Price Prediction: Yellow metal prices experienced rangebound trading on Monday, influenced by easing US-China trade tensions and a strong U.S. jobs report that tempered expectations of Federal Reserve interest rate cuts. On the MCX, August gold futures edged down to Rs 96,851, while COMEX gold contracts saw a slight increase. Traders should look to sell on rise and use these five technical tool to track its movement.
Roque Quagliato, once criticized for deforestation, now leads efforts to reform Amazon cattle ranching. Brazil is implementing a program to track cattle in Para using ear tags. This initiative aims to meet international market demands and combat deforestation. Para wants to tag all cattle by 2027. The move faces resistance from ranchers concerned about costs and compliance.
Mihir Vora of Trust Mutual Fund highlights India's manufacturing potential, driven by technology adoption and untapped resources. He favors domestic-focused sectors like financials and industrials, while being cautious on healthcare due to uncertainties. Vora sees significant opportunities in automation, robotics, and AI, anticipating a rise in listed companies in these areas.
Market analyst Mayank Jain advises investors to watch macro data and corporate earnings. Nifty surpassed 25,000 after the RBI rate cut. Immediate resistance for Nifty is at 25,100. Bank Nifty faces resistance at 57,000. Interest rate-sensitive sectors saw rallies. FII selling was offset by domestic investors. The Trump-Musk spat impacts Tesla's stock.
