Thousands of investors betting on gold on hopes of a prolonged rally in the metal could be in for a disappointment this year. A healthy global economic outlook and stronger stock market prospects have taken some sheen off the metal.
After returning 25-32 per cent a year from 2008 to 2011, gold could now turn volatile and even see a decline in prices, analysts said.
"Year 2013 looks to be a year of uncertainty and volatility for gold," said Gnanasekar Thiagarajan, director at Commtrendz Research.
Text: Business Standard