| The key factor working against gold right now is the imminent rate hike by the US Federal Reserve. "Gold will be a bad asset class once the Fed starts hiking rates. Low inflation and rising interest rates are bad news for gold," says Kishore Narne, Associate Director, Mo tilal Oswal Commodities Broker.
"The dollar will rise if the US Fed hikes interest rates. So, the outlook for gold is likely to remain bearish for the next one year," concurs C.P. Krishnan, Wholetime Director, Geojit Comtrade. However, don't expect a big fall in gold either. "Gold has peaked out in dollar terms. But the geo-political situation is fast changing," says Jayant Manglik, President, Retail Distribution, Religare Securities..............................................Full Article: Source
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