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.
Silver MCX Hit All Down Side Target, Low 66300 | Neal Bhai
Silver MCX price yesterday settled up by 0.1% at 67545 as dollar retreated after the U.S. House of Representatives passed the $1.9 trillion coronavirus relief package.
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone. Gold failed to sustain at weekly highs around $1739.40 on Thursday, ending the day in the red at $1724. The rebound in the US Treasury yields from multi-day lows capped the recovery rally in the non-yielding gold.
Anupam Rasayan Ltd. Will Launch its Rs 760-crore IPO
Anupam Rasayan Ltd. will launch its Rs 760-crore initial public offering (IPO) on Friday as the specialty chemicals maker looks to pare debt.
Gold Silver Update : Profit Book Market Crash, Power of Analysis
Gold Silver Update : Profit Book Market Crash, Power of Analysis | Gold Silver Reports. Spot silver prices have been on the back foot in recent trade and have dropped back to the $26.00 level from early European session highs of above the $26.40 mark. That means that silver is back trading in negative territory, down about 0.75% or just under 20 cents on the day.
Gold Price Eyes $1755 Amid Plenty of Health Support Key Levels
Gold price takes a breather after the two-day recovery rally but holds well above the $1697 key level. The returns on the US Treasuries resume the upside on the back of the revival of the reflation theme after Congress passed the $1.9 trillion stimulus bill on Wednesday.
Gold Price Rise As Stimulus, Inflation in Focus | Neal Bhai
Gold price steadied after advancing for two days as investors weighed the prospects of further U.S. stimulus and the latest reading on inflation.