Demand for physical gold in Asia slowed this week as spot prices surged to three-month highs and emerging market currencies plunged.
The markets have been taking cues of the sentiment across the globe. The economic sentiments, which are negative, can boost up the prices of gold, said Naveen Mathur, associate director of commodities and currencies at Angel Broking. Mathur is bullish on crude and has a buy call on it.