New Gold, Sinopec Shanghai Petrochemical lead energy/material gainers; Nine Energy Service, Brigham Minerals among major losers

Rally in equities takes the shine off gold investment

Kishore Narne, head of commodities and currencies at Motilal Oswal, said gold acts as a hedge against inflations and, therefore, an exposure of 10% in a diversified investment portfolio adds value. “The rally in gold is expected to come again beginning next year,” he said.

First published here: Rally in equities takes the shine off gold investment

Precious Metals Decline Thursday, Sept. 2

Precious metals moved lower Thursday. Gold retreated the least, slipping 0.3%, while palladium dropped the most, falling 1.7%. Gold for December delivery settled down $4.50 to $1,811.50 an ounce on...

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First published here: Precious Metals Decline Thursday, Sept. 2