gold

sensex: Year-ender 2023: Gold Vs Sensex – who won the battle of nerves?

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Sensex’s December surge of over 6% or 4,118 points has brought it into the driver’s seat versus gold which enjoyed an upper hand for most of 2023. While Sensex’s year-to-date returns stand at 16.25%, Gold trails at 13.55%, having gained just 0.50% or Rs 340 per 10 grams in this month. Both Sensex and MCX … Read more

gold: Year-ender 2023: Impressive 13% returns for gold. Is this its best show in 10 years?

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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

Holiday-shortened next week to see gold finishing 2023 on a high note

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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

gold: Commodity Talk: Expect MCX gold to give 10–11% returns in 2024: Naveen Mathur

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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

fed: Gold gains sharply on anticipation of hefty Fed rate cut next year

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The week ending December 1 was marked by speeches of two important Federal Reserve officials – Waller, the Federal Reserve Governor and Powell, the Federal Reserve’s Chair. Financial markets construed the much awaited Powell’s speech Friday as decisively dovish as he did not seem to push hard against the markets’ expectations of hefty rate cuts … Read more

Learn with ETMarkets: Predicting gold’s future: Insights from past trends

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In the wake of an all-time high in gold prices post the festive season, investors are closely scrutinising past trends for insights into the potential duration of this rally and the likelihood of a corrective phase in the near future. Historically, gold has exhibited a characteristic pattern of correction, typically around 10%, following a robust … Read more