The dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Gold and Treasury yields climbed.
Gold Silver Reports – Investors in gold and silver have made out like bandits, especially when you compare the returns of the world’s two best-known precious metals with those of stocks.
Bharti Airtel shares hit an intra-day peak of Rs 603, before closing 11.34% higher on BSE Tuesday at Rs 599.15, as the telco’s India businesses was boosted by higher data usage and tariff hikes taken last December.
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.
Gold steadied on Tuesday, holding close to a near one-week low touched in the previous session, as a stronger dollar and renewed interest for riskier assets dampened demand.
Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world’s largest gold-mining company, whose shares are down 67 percent from their high in 2010.