Gold sentiment still bearish

Lacking lustre: Support for gold prices seen at the US1,000 to US1,015 per ounce level.

PETALING JAYA: There may be support for gold prices at the US$1,000 to US$1,015 per ounce level although overall, sentiment remains down as investors speculate on when the much anticipated US rate hike will happen.

Goldman Sachs Group Inc commodities research head Jeffrey Currie, who had advised investors to sell gold before prices started to fall in early 2013, told investors recently that prices could fall below US$1,000 this year on expectations that the US Federal Reserve would start to raise interest rates in the coming months, the first time since 2006.