Gautam Shah of Goldilocks Premium Research suggests gold may consolidate after reaching a short-term peak. He anticipates a significant rally in metals, forecasting the metals index to hit 10,500. Jindal Group stocks are particularly attractive, with potential gains of 15% to 30%. Investors should focus on quality large-caps amid global volatility. Silver is also expected to perform well.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.