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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold may not yield sparkling returns, yellow metal loses glitter with dollar gaining strength

Posted on 09 August 2013

Many retail investors in India believe that gold prices move only northward in the long term. The upward march of the yellow metal in the last decade or so has cemented their faith in the precious metal. However, they may have to change their opinion, say investment experts.
Many financial experts believe that the gold portfolio is not going to offer sparkling returns in the coming days. This is despite gold prices in India being relatively higher due to the rupee depreciating against the US dollar. In dollar terms, the yellow metal is losing lustre, as an improvement in the US economic scenario is strengthening the greenback………………………………………..Full Article: Source


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