Gold

Gold - Note that how equity markets, esp in the US has been breaching new highs, which signals that the stronger equity markets globally have improved the risk appetite of investors who are now putting their money in equities instead. Last year, a volatile stock market and increased purchases by various central banks had pushed up Gold prices, foten seen as a safe haven. Speculation that Cyprus may sell a part of its gold reserves to meet its liquidity needs and that some other troubled European nations, such as Italy, might have to follow suit have put global gold prices under further pressure, as such a sale would increase the supply of the metal. In India (world's biggest consumers of Gold), saw local demand declined 12% to 864 tos last yr and analysts believe it is likely to drop further.