Gold prices rose after US President Donald Trump’s tweets signalled fresh trade aggression vis-à-vis China. Of course, gold is no asset, for it yields no returns, even if its capital value could appreciate over time. Investment advisors over the decades have grown hoarse advising people to stay away from what John Maynard Keynes, no less, described as a “barbarous relic". It could yet happen that people outgrow gold as a store of value, but that day still looks far away. Net net, this Akshay Tritiya, gold buyers can go buy all the precious metal they like without worrying too much about what their portfolio advisors say.

Source: Mint May 06, 2019 17:37 UTC