Commodity Talk: Gold's 13% H1CY2024 returns robust, but positives priced-in now, says Anuj Gupta
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Gold has delivered robust returns of 13% in H1CY2024, with the best performance in 2020 at nearly 25%. However, the positives are now priced-in, according to Anuj Gupta, Head Commodity & Currency at HDFC Securities. Short-term traders should adopt a sell-on-rally strategy, while in the long term, gold is expected to test Rs 78,000-Rs 80,000 levels by the end of the year. The average returns by gold over the past five years are at 8.43%. Gold's biggest challenge now is the US economy, which may impact the dollar index and subsequently gold prices. Gupta expects a correction in bullion prices in the short term.

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https://m.economictimes.com/markets/commodities/views/commodity-talk-golds-h1cy2024-returns-of-13-robust-but-positives-priced-in-now-says-anuj-gupta/articleshow/111474423.cms