The global semiconductor shortage is turning into a headache for automotive (auto) and appliance manufacturers. But it is proving to be a boon for equity investors. Semiconductor stocks are among the best performers this year. The PHLX Semiconductor Index has gained more than 35 per cent year-to-date.
These are times to buy as prices crash; at your own pace, at your prices, says Sonali Ranade
As expected, the government did not move in time to grab the fleeting opportunity for POL sector reforms, writes Sonali Ranade in her weekly Market Notes
Spot gold was up 0.6 percent at $1,103.60 an ounce by 0318 GMT, after an early low of $1,096.65.
Gold is seen as a preferred asset for all types of investors, even central banks.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
US gold futures slid over 1 per cent on Thursday, while silver futures dropped 2 per cent.
Gold is often favoured as a hedge against economic and financial uncertainty
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Demand to remain high with festive season ahead and ongoing price fall
In 2013, the fall in international gold prices was 28 per cent.
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