Maintain 8-12% allocation to gold

If the US starts a trade war and follow weak dollar policy, later in 2017 gold will rise

After languishing for three years (2013, 2014 and 2015) gold turned in a reasonably good performance in 2016 at 11.23 per cent. This year the yellow metal is off to an early start and has clocked gains 4.69 per cent year-to-date in the Indian market and 6.43 per cent internationally.

Traditionally, January has been the strongest month for gold for the past decade. This seasonal upswing is driven by Chinese buyers purchasing gold for the Lunar New Year, and Indians buying it as they prepare for the marriage season.

This year uncertainty arising from Trump's first policies have also led