The Weekend Panorama

Gold ETFs were back this week and posted a sturdy return of 4.63 per cent for the week ended May 23. In the international market Gold futures closed higher, as weakness in the US dollar and strength in oil prices fuelled concerns about inflation. Gold for June delivery closed at $925.80 an ounce on the NYMEX. The contract closed out last week at $899.90, up 2.9% from a week ago. Equity Banking was the worst performer category for the week ended May 23, 2008. The category on an average lost 6.27 per cent followed by Tax Planning which lost 2.84 per cent. BSE Banking index, however, fell almost 8 per cent. The Sensex and Nifty both en