Gold
Gold drops below Rs 45K/10g, silver futures plunge
The April contract of gold on the MCX is currently trading at Rs 44,888 per 10 gram, lower by Rs 133.00 or 0.30 per cent from its previous close. CapitalVia's weekly commodity report said that for this week, traders should look forward to 'sell-on-rise' opportunity from Rs 45,200, keeping stop loss of around the previous resistance level of Rs 45,650, for aiming target of Rs 44,635.
Gold failing as equity hedge, warns BlackRock
In a blogpost, Russ Koesterich, portfolio manager for BlackRock's Global Allocation Fund, said: "Gold's underperformance might be more tolerable for investors, except for the fact that it has also been failing as an equity hedge."
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