Gold hits (another) record high forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
One need not go overboard on gold for getting superlative returns. Gold is used as a hedge against volatility in stock markets and uncertainty across the world.
ETMarkets analysis reveals the underperformance of jewellery stocks amidst gold s record highs. Most saw negative returns, with a few exceptions. Experts suggest cautious investment strategies with focus on companies fundamentals and long-term prospects.
As traders cut back on their hefty rate-cut wagers, US treasuries may fall further in the near-term, which means gold may be vulnerable in the near term as the metal has been rallying mainly on rate-cut notions. Gold is expected to fall further unless it gets support from the Fed s monetary policy decision to be announced on December 13.