Gold prices dipped slightly on Friday but experienced a 2.30% weekly gain due to weak US economic data affecting yields and the Dollar Index. Central banks continued purchasing gold, and poor job reports increased expectations for potential rate cuts. Geopolitical tensions also supported gold prices, indicating market volatility.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024