Fund managers note that in the current investment situation...
Gold futures price hit a 16-year peak of $432 an ounce on Monday after steep drop of the dollar against the euro and the yen.
A weakened US dollar renders gold cheaper in other currencies, and at the same time highlights bullion's appeal as a counter-cyclical dollar alternative.
Retail investors are buying gold, because as they say, gold remains a safe haven amid high oil prices and worries about the US economy and low fuel inventories.
Fund managers note that in the current investment situation gold offers good value. ?People sentimentally attach a lot of investment value to precious metals.''
