Gold prices are heading for a second weekly loss as expectations of higher interest rates, driven by persistent inflation concerns, weigh on the non-yielding metal. Traders are anticipating a potential U.S. rate hike by December, while the Federal Reserve’s upcoming policy meeting is expected to hold rates steady.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain