Goldman suggests shorting gold as fear factor overdone


Investors should short gold, one of the best performing assets this year, Goldman Sachs said, as it believes a recent rally triggered by concerns over the health of the global economy has been overdone.

Bullion has gained about 13% in 2016 as worries over negative interest rates and their impact on the banking sector sent investors scurrying out of equities and into safe-haven gold.

Read Full Article Over Here : Business Standard News

Comments

Post a Comment

Popular posts from this blog

Dera chief Ram Rahim's 'daughter' Honeypreet arrested by Haryana Police

Image
Honeypreet said she had slipped into depression after Ram Rahim's conviction After a month-long search for jailed Dera Sacha Sauda chief Gurmeet Ram Rahim's "adopted" daughter  Honeypreet  Insan, Haryana Police on Tuesday arrested her. Honeypreet, along with another woman, was arrested by the Haryana Police from the Zirakpur-Patiala road in Punjab, said Panchkula Police Commissioner A S Chawla. Honeypreet tops the list of 43 people 'wanted' by the Haryana Police in connection with the incidents of violence that left 41 people dead and several injured following Gurmeet Ram Rahim's conviction in rape cases. Also Read :  Honeypreet Insan held after 38 days on run, to be produced in court today Talking to media persons at Panchkula, Chawla said, "She has been taken into custody by SIT in-charge (Mukesh Kumar) from Zirakpur-Patiala road in Punjab. She is being brought to Panchkula for questioning in connection with the incidents of violen...
Read more

Assam Assembly Elections 2016

Image
Asom Gana Parishad, BJP's  Assam Assembly elections 2016 , today announced the first list of its 25 candidates for the hustings including the names of former chief minister Prafulla Kumar Mahanta, former ministers and its president Atul Bora. The regional party will also be announcing shortly the names of other candidates in those constituencies where it will have friendly contests with the BJP, AGP president Atul Bora told reporters here. Read more from our special coverage on " ASSEMBLY ELECTIONS " Polling in five states in April-May; Bengal will vote on seven days Letters:  Alliance pros and cons Among the 25 contestants are former two-time chief minister Prafulla Kumar Mahanta (Barhampur), ex-ministers Brindaban Goswami (Tezpur), Renupama Rajkhowa (Teok), Pradeep Hazarika (Amguri), Pabindra Deka (Patacharkuchi), Dr Kamala Kanta Kalita (Chaygaon), Ramendra Narayan Kalita (Guwahati West), Bora said. The others in the list include sitting MLAs Binod Gowala...
Read more

RCom, Jio enter 800 Mhz spectrum sharing pact

Image
Ahead of the commercial launch of Reliance Jio (RJio) in April, the Ambani brothers on Monday inked the spectrum trading and sharing agreements for 800 Mhz spectrum, which will bolster RJIo’s spectrum holdings. Anil Ambani’s Reliance Communication (RCom) signed spectrum trading agreement with Mukesh Ambani’s Reliance JIo Infocomm for 800 Mhz licences in nine circles.  Read Articles  
Read more