'After underperformance, gold is now witnessing the start of next bull run'

We expect that lack of global cues could keep volatility low for gold, but on domestic bourses, prices could continue to gain on weakness in rupee.

Gold has underperformed many assets classes over the last few months or even for last few years, and seems to be losing the safe haven title. Comex gold prices have been in a corrective mode falling from $1365 to making lows of $1160 in a span of six months. But in the last couple of months gold, has been consolidating in the range of $1,180 and $1,220, despite high volatility in the dollar following escalating trade war concern between the US and China. The trading range for gold has been very narrow, but prices on the domestic bourses have been