iFast Capital's Khaw expects the price of the precious metal to remain above US$4,000 over the next 12 months.
PETALING JAYA: Analysts say the pullback in gold price by close to 8% overnight on Tuesday may be a signal of macro volatilities subsiding besides profit-taking by investors.
At press time, the price of gold was hovering around US$4,157 an ounce compared with its Tuesday high of US$4,378, having fallen to as low as US$4,035 early yesterday.
