Sentiment for gold is improving but the outlook largely depends on the fate of crude oil prices.
The prospect of rising interest rates in the major economies -- Europe, the United States and Japan -- has significantly damaged sentiment in the commodities market.
A weaker yen, and platinum futures prices trading above Yen 4,000/g, made the commodity 'very safe' to invest, in addition to the bullish sentiment felt across the metal futures complex with speculative funds.