MENU

Published on 15/07/2020 4:33:12 PM | Source: Angel Broking Ltd

Quote on Gold by Mr. Prathamesh Mallya, Angel Broking

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below is the Views On Gold Performance by Mr. Prathamesh Mallya, AVP - Research Non Agri Commodities and Currencies, Angel Broking Ltd

“Gold had a remarkable performance in the first half of 2020 with around 17% returns in the US Dollar terms and the COVID-19 Pandemic is having a devastative effect on the performance of the global economy. There are talks of V shaped recovery shifting towards U shaped recovery or even a W shaped recovery, if the pandemic causes destruction in the form of a second wave of infections.

Whatever the scenario, one thing is for certain that the IMF is currently projecting a 4.9% contraction in global growth which certainly is a spoon feed for global investors to move towards safe haven. Gold has the potential for further double digit performance in the second half of 2020.”

 

Above views are of the author and not of the website kindly read disclaimer