Sentiment for gold is improving but the outlook largely depends on the fate of crude oil prices.
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.
The prospect of rising interest rates in the major economies -- Europe, the United States and Japan -- has significantly damaged sentiment in the commodities market.