Yes Securities’ Hitesh Jain sees gold entering a cautious phase
In short
Hitesh Jain of Yes Securities said gold may move into a long, cautious phase over the next three to five years.
He also said gold could lag behind stocks and industrial commodities. That makes him less upbeat on buying gold heavily right now.
What the reporting says
Hitesh Jain of Yes Securities said gold is moving from a secular bull market into a prolonged, cautious consolidation phase over the next three to five years. He also said it could underperform equities and industrial commodities. The view suggests a less aggressive stance on gold than in the recent bull run.
Why it matters
Hitesh Jain of Yes Securities sees gold shifting from a secular bull market into a prolonged consolidation phase over the next three to five years. He expects gold to potentially underperform equities and industrial commodities. The call matters for investors deciding whether to keep large gold positions or rotate toward other assets.