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Pre Session Commentary
Precious Metals Preview: Gold Sees Modest Gains
14-Feb-20   08:58 Hrs IST

Gold edged up amid stressful moves in equities yesterday. World Gold Council (WGC) stated in a latest update that Gold benefits from diverse sources of demand: as an investment, a reserve asset, a luxury good and a technology component. Gold can enhance a portfolio in four key ways, according to WGC. These include generating long-term returns, acting as a diversifier and mitigate losses in times of market stress, providing liquidity with no credit risk and improving overall portfolio performance. COMEX Gold futures are currently trading at $1576 per ounce, down marginally on the day. MCX Gold futures closed at Rs 40645 per 10 grams, up 0.40% on the day. WGC analysis illustrated that adding between 2% and 10% in gold to a hypothetical US pension fund average portfolio over the past decade would have resulted in higher risk-adjusted returns.

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