The WeekendInvesting Newsletter - 15 Nov 2023

Freshly Brewed - Market Perspectives from WeekendInvesting Research Desk

Why Gold is a good buy now !

Gold has long been considered a safe haven asset, especially during times of economic uncertainty and crisis. In India, gold has traditionally been a popular investment choice due to its cultural significance as well as its ability to act as a hedge against inflation and currency fluctuations

To accurately assess the value of gold in Indian Rupee, it’s essential to understand the calculation involved. The process starts by taking the dollar gold price and multiplying it by the USDINR exchange rate. Next, an additional 15% for duties and taxes is factored in. Finally, the total is divided . . . .

Suddenly market mood is stimulation and more liquidity

In recent times, there has been a wave of good news in the financial world, especially for investors. One significant development is the decision by the Federal Reserve to halt its scheduled interest rate hikes. This news has brought about a sense of stability to the market, with expectations that interest rates will remain unchanged for the foreseeable future.

The primary reason behind this decision is the lower-than-expected inflation rates in the United States. As a result, the interest rates are expected to come down gradually. This shift in policy making has led to . . . .

WeekendInvesting Daily Byte

On November 15, 2023, the markets made a decisive move above 19,440, indicating a positive trend. We are back in the middle portion of the range, very much possible to move towards 20,000, the volumes are good.

The first indicator of the market's strength was its internals. After the opening bell, the market remained flat for the first few hours before experiencing an upward movement in the afternoon. This sustained upward trajectory showcased the market's resilience and indicated strong investor sentiment. Additionally, there was no attempt to close the gap, further solidifying the market's strength.

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