GOLD MCX UPDATE : Gold Above 46333 Next Target?

GOLD MCX UPDATE: Gold and silver prices today edged lower in Indian markets, after a sharp upmove in the previous session. Gold MCX edged 0.1% lower to ₹46,320 after hitting a one-month high of ₹46,400 in the previous session.


Gold Price Report

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.