Throughout 2009, gold price has been pretty steady. No doubt, it ended the year 24 per cent stronger than from the start of the year, but one needs to understand the why’s and how’s of the `supposed’ bull run.
The fact that central banks were deserting the US dollar and shifting their holdings into gold brought about panic in the investing community.
An added catalyst for the surge at the end of 2009 was the Reserve Bank of India’s purchase of 200 tonnes of gold at a high.
Click here to read more about the near-term prospects for lower gold prices.
