Commodity Talk: Gold's 13% returns in 2023 speaks of its resilience, says CPAI's Narinder Wadhwa
In 2023, gold demonstrated remarkable returns, outperforming expectations and serving as a strong asset for investors amid economic uncertainties and market fluctuations, says Narinder Wadhwa, National President at Commodity Participants Association of India (CPAI).
A notable 13% return in gold during 2023 underscores its resilience as an investment, attracting investors seeking stability and a hedge against economic uncertainties, he adds. Edited excerpts:
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In 2023, gold demonstrated remarkable returns, outperforming expectations and serving as a strong asset for investors amid economic uncertainties and market fluctuations. Factors such as inflation concerns and geopolitical tensions contributed to the increased demand for gold, making it a standout performer in investment portfolios. A notable 13% return in gold during 2023 underscores its resilience as an investment, attracting investors seeking stability and a hedge against economic uncertainties.
Q: December has been lackluster in terms of net gains but in your view have there been opportunities for traders/investors to make fresh moves?
In 2024, opportunities in bullion may arise from continued economic uncertainties, inflation concerns, or geopolitical tensions. Traders and investors should closely monitor global events, central bank policies,
