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gold: Rally in equities takes the shine off gold investment Kuka USA

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gold: Rally in equities takes the shine off gold investment

While there is uncertainty over the economic impact of a likely third wave of Covid-19, experts said it is highly unlikely for Indian and global economies to slip into a recession with the pace of vaccination picking up.

Synopsis

Kishore Narne, head of commodities and currencies at Motilal Oswal, said gold acts as a hedge against inflations and, therefore, an exposure of 10% in a diversified investment portfolio adds value. “The rally in gold is expected to come again beginning next year,” he said.

Kolkata: An astounding bull run in local equity markets amid the Covid-19 pandemic has taken the shine off gold — historically, one of the most in-demand assets during a crisis.

Portfolio managers say there is no immediate trigger for a spike in gold prices and the yellow metal should ideally be not more than 10% in one’s investment portfolio as the economy is showing signs of recovery.

Last year, when gold prices had crossed Rs 56,000 per 10

BY

ET Bureau

3 mins read, Last Updated: Sep 03, 2021, 06:12 AM ISTGIFT ARTICLEFONT SIZE

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Phillip Peters is an independent journalist, entrepreneur, digital marketer and press release publisher. He has a soft spot for technology, gadgets, cryptos and writing about health and politics. He also loves travelling the world! Phillip has been working with KukaUSA full time since September 2018.