We are coming close to the end of a turbulent year where gold has been one of the few success stories. Gold has been helped by geopolitical uncertainties and weakening stock markets and investor interest, not to mention a weak dollar. Higher gold price has its own perils as physical demand in India this year is expected to fall by 30-40 percent. However, lesser physical demand does not necessarily mean lower prices in the future as there are various other factors that determine the direction of the gold prices.
NSTL
