Gold has fallen to a six months low breaking through technical support near USD 1,630 per ounce mark.
In an interview to CNBC-TV18, Bill O'Neill, Founder of Logic Advisers shared his outlook on gold. Also Read: Sebi allows gold ETFs to invest in Gold Deposit Schemes Further O'Neill finds rotation in gold and in other assets buts questions the length of time it is going to continue. "We are seeing improvement in the global economy and that is hurting gold. Concerns about the sovereign debt crisis in Europe has also hurt gold market," he added. Budget 2013-14: Household FM writes to nation's FM!Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
