Gold and equities both off record highs: What’s the best investment strategy at the current juncture?
Live MintIndian investors are facing a challenging time as both major asset classes, equities and gold, are undergoing a selloff. Gold prices have faced profit-booking pressures due to a stronger dollar, rising bond yields, and diminishing expectations of significant rate cuts by the Federal Reserve. Outlook for gold Experts appear positive about gold prices for the medium term due to the start of the rate reduction cycle, central bank buying and geopolitical uncertainty. According to Rahul Kalantri, VP of commodities at Mehta Equities, gold prices are expected to remain highly volatile within a range of $100 in the coming weeks. "The Dollar Index is currently at a critical resistance level; a reversal could result in a good correction, which would fuel gold prices.