So the equity markets are moving up across the globe. Then can the fall of gold be far behind. No! And true to the prediction of market analysts, gold started its hurtling down in April with right earnest.
In fact, April was the cruelest month for gold if you compare the prices.
Gold climbed down, capping the sharpest monthly drop since October, as rising equities and a stronger dollar reduced demand for the precious metal as an alternative investment. Silver also plunged, said market observers.
Gold moved down 3.7 per cent for the month, the most since October and the second straight decline.
Click here to read more about the gold forecast for May.
