Gold’s robust outlook is set to continue in FY24 due to fears of global economic slowdown and high inflation. Analysts predict returns of 10-15% in the base case scenario and 15-20% in the bull case scenario, with gold potentially testing levels between Rs 64,500 and Rs 66,800 in the domestic market. The yellow metal has been a proven hedge in the current environment of global inflation and slow recovery, outsmarting other asset classes in FY23 with returns of 15%.
US stocks: US market regains ground as bond yields ease; healthcare stocks rally
Major stock indexes recovered on Wednesday after a prior day’s decline. Moderna shares surged significantly following positive cancer therapy trial results. Government bond yields eased
August 19, 2026