India may be out of step with world gold rally

Experts say the yellow metal may test $1,475 by the year end

Gold has faced a bumpy ride during the past few months but after an initial dip following the election of Donald Trump as US president the price of the metal has scaled back to $1,250 per oz. 

Nikos Kavalis, director of Metals Focus, which released its annual report on gold for 2017 today, said, “In early March, hawkish comments from some US Federal Reserve officials weighed on investor interest towards gold. 

However, following the March meeting, information released by the Fed suggested that most FOMC members stood by the view that two more rate hikes were appropriate for the rest