Notwithstanding an impressive over 13% returns in 2023, year-to-date, yellow metal’s gains are not its best in the last 10 years. The top returns were delivered by it amid the Covid virus break in 2020 at 28.23%, highlighting why it is the best hedge in uncertain times. Commenting on yellow metal’s performance, Palka Arora Chopra, … Read more
Gold prices finished above $2,000 for the fifth straight week, with Comex Feb futures ending the week at $2066.90, up by 2.4% as the dollar lost the plot to dip sharply to five-month lows of 101.4 level after the release of PCE data on Friday. Gold prices are up 13% ytd heading into the last … Read more
MCX Gold will likely witness new all-time highs, delivering 10–11% returns in 2024, Naveen Mathur, Director – Commodities & Currencies, Anand Rathi Shares and Stock Brokers tell ETMarkets as he recommends staggered buying in yellow metal futures on dips of 6–7% from the current levels. What is your assessment of gold’s performance this year and … Read more
