Wealth managers are advising investors to take profits on gold and silver after their significant rally, suggesting a cautious approach. While geopolitical tensions and industrial demand fueled the surge, current valuations are considered stretched. New investors are cautioned against large allocations, with SIPs recommended for gradual entry.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.