Why Gold prices have got low and is it expected to fall lower? Should people be looking to invest in it?
NS Ramaswamy, Head of Commodities, Ventura Securities says that value of the world’s raw materials is propelled higher due to the “Yield” factor. Passive investors have been tempted on the “returns” in commodities. The positive returns on Crude Oil, Copper and a host of base metals were on account of interest rates being feeble, bond yields remaining historically depressed and rolling positions along the commodities futures curve.
Ventura Securities says that from the present bearish levels of Rs 46700 ($1805), Markets could expect a price recovery to Rs 48800: Reuters