| Gold's rally this year has been driven mainly by what may be termed Western factors, namely buying on the back of worries over the state of the global economy and the subsequent desire for safe haven assets.
Spot gold has jumped 6.3 per cent to around $1,127 an ounce since the start of year, bringing out bullish views that the yellow metal's dark years since the peak near $2,000 in September 2011 are finally over. Falling equity markets, both in developed and developing markets, credit and currency worries in China and monetary easing from major central banks other than the U.S. Federal Reserve have made gold look more attractive...............................................Full Article: Source
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