Gold Price Report

Precious Metal is Proving To Be a Less effective Hedge

Precious metal is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.

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Gold MCX Tips Today

Gold MCX Tips Today : Gold Low 45077 All Target Hit

Gold MCX Tips Today : Gold Low 45102 All Target Hit. Gold prices in India today struggled near 10-month lows amid weak global cues. On MCX gold futures were down 0.6% to ₹45283 per 10 gram, their sixth day of decline in previous seven days. Silver futures were down 0.3% at ₹69000 per kg. Gold is in a sideways trend and MCX gold resistance at ₹45600-45800 levels.

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