Gold prices may face near-term retracement due to stronger dollar, yields

November 12, 2024

Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World Gold Council. November saw gold pressured by higher opportunity costs, US dollar strength, and gold ETF outflows.

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Stock selection holds key as earnings & valuation gaps widen: Tata MF’s Chandraprakash Padiyar

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