09.01.2014 - Citi not bullish on gold's outlook
Citi is not bullish on gold at this stage. The early signs of growth in Europe, the pickup in growth in the U.S. and the improvement in global economy suggest that people are becoming more risk seeking. Hence in all probabilities, they may shed their gold holdings, which normally are considered as defensive bet. According to Citi data, FII flows slowed across Emerging Markets. At this point, FIIs prefer Developed Markets over Emerging Markets. The global firm also believes that flows into India will be slow when compared to relative markets...............................................Full Article: Source
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