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Equities, bitcoin dominate FY21 with higher returns, gold loses some sheen; what lies ahead?

Sumary of Equities, bitcoin dominate FY21 with higher returns, gold loses some sheen; what lies ahead?:

  • The metal was one of the best performing asset classes for investors in FY 2020, gaining more than 25 percent, but since August 2020, it has been witnessing volatility after economic indicators improved and equities started to rally…
  • Singh believes gold prices have corrected significantly in the last seven months and recent stimulus measures by the new US government may fan inflation concerns, which are likely to support gold as a perfect hedge…
  • He expects gold prices to stabilise near Rs 44,000, while a rebound is expected towards Rs 54,000-56,000 in FY22…
  • Loose monetary policies from major central banks and expansion of balance sheets with the announcement of more stimulus packages will continue to support gold to trade higher over the medium to long-term, Jasani said…
  • “The recent announcement of $1.9-trillion stimulus package and higher US bond yields have raised inflation fears, which have boosted buying in gold prices from key supports of $1,682 per ounce,”….

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