Gold prices clocked their first weekly decline in four last week, with participants preparing for the Federal Reserve’s last policy decision for 2023 this week to get clarity about U.S. interest rates trajectory next year.
Why should gold be a part of your portfolio?
Portfolio managers will always suggest increasing the ratio of bonds (risk-free) to stocks if an investor is more risk-averse, and vice versa. "Gold" is a "rule of thumb" for any portfolio, they say, regardless of one's level of risk aversion. Exc..
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