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What is Gold as a Portfolio Diversifier 2020 about?
Gold is an ideal tool for portfolio diversification as it cushions losses during times of crisis. It has historically rallied sharply when risk aversion peaks, such as during the 2007-2009 Global Financial Crisis and the current COVID-19 pandemic. While Comex gold prices have risen 40% to near $1700/oz, MCX gold prices in India have reached a record high of Rs. 47,216/10 gms due to rupee depreciation. Ultra-low interest rates and lingering uncertainty around COVID-19 suggest gold prices may continue to incr
- Author
- Vivek Tonapi
- Language
- EN