Gold prices dropped by Rs 2,900 in 10 days to Rs 71,065 per 10 grams from a peak of Rs 73,958, as investors ignored Middle East tensions. MCX June gold futures edged up by Rs 36, while May silver contracts rose by Rs 172 to Rs 80,850/kg today.
It is not as gloomy for EMs but most flows are going to Europe now: Cameron Brandt
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.