The correction in gold prices has triggered fresh retail interest in India. This however allowed dealers to charge higher premiums. On MCX gold futures fell to ₹44271 at day’s low on Friday, near a one-year low of ₹44,150 they touched earlier in the week.
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Precious Metal is Proving To Be a Less effective Hedge
Precious metal is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.
Gold Miner Dividends Trump Copper Counterparts
Gold Miner Dividends Trump Copper Counterparts, Gold bugs will be rewarded with richer dividend prospects than copper-company investors this year, though such perks may be short lived.
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Gold silver futures prices slip on Tuesday, even as analysts believe the recent risk-off sentiment may revive safe-haven bets for bullion. Analysts said the upcoming announcement of further stimulus measures by the newly elected US government may support gold, as a perfect hedge against possible inflation.
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Gold Goes From a Star Commodity to Laggard in Shocking Reversal
Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.
Bullion Market Race Results | Gold Silver Reports
In the bullion market, the prices of gold and silver are based on futures trading. In the real market, the prices of gold and silver do not remain exactly equal but remain back and forth.