Some Pessimism Out Of India

At least in the eyes of two analysts quoted by the Economic Times Online. The first one expects a further strengthening dollar to push gold even lower:

"Currently, it is just a technical rebound, gold will again come down to 15,800 (rupees) as dollar is expected to rally further," said Praveen Singh, analyst with Sharekhan Commodities.

The other one quoted advises selling into strength.


Both of them make for an interesting contrast to the physical-bullion market, which has seen "perisitent local buying interest".