Gold to the rescue over weak dollar, North Korea concerns

Build a 10-15 per cent allocation to the yellow metal in your portfolio to guard it against economic and geopolitical risks

Sanjay Kumar Singh 

Gold has rallied 3.48 per cent over the past one month and is now trading above the Rs 30,000-mark in the Indian market. In the international market too, it has breached the $1,300 per ounce mark — a level it had been unable to cross for about 10 months. Given the low likelihood of the US Federal Reserve raising interest rates in the near future, the escalating tensions vis-a-vis North Korea, and the stretched valuations of equities, investors need to have an allocation to this safe-haven asset.      The primary factor behind the current rally in the price ...

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First Published: Tue, September 12 2017. 01:26 IST