Rupee may hit 84.20/$ by Dec-end; gold seen under pressure: Kishore Narne, Motilal Oswal

“SPDR Gold holdings are down by ~7% on a YTD basis, while central banks are buying gold at the fastest pace in 55 years. According to the WGC, central banks bought a record 399 tonnes of gold in Q3’22 (Jul-Sep). A rise in further rate hike expectations could continue to weigh on the safe haven appeal of gold.”