Investors Lose Interest in Gold

Credit Suisse’s Tom Kendall anticipates gold prices to continue falling this year and does not expect demand from resilient markets like China and India to reverse the downward price curve. But Kendall also notes that the yellow metal remains highly valued compared to hard assets such as real estate or base metals.  Gold prices could rise again, he cautions, if confidence dips over the strength of the U.S. economy and concerned investors clamor again for the safe haven the precious metal provides.