Gold prices were supported by lower-than-expected inflation in the US, UK, New Zealand and Australia, which could result in central banks pausing their interest-rate increase plans. However, after the narrative of a “peak rate” pushed US yields lower, rising yields allowed a US dollar index recovery
Investors not inclined to ‘sell India buy China’ but to ‘sell India buy USA’: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not