“Using valuation as a standalone variable can be misleading and it has to be seen in the context of earnings growth. When one juxtaposes earnings growth expectations along with current valuations, we see no reason to prune market exposure or turn cautious,” says Abhishek Gupta, fund manager – equity, at the fund house.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per