Gold seen supported by uncertainty

Long term, bullion's price expected to be sustained on doubt over geopolitical issues, including US rates

The price of gold price has dropped as investor sentiment for risk grows following the first round of France's presidential election and potential interest hikes in the US, but in the long run the precious metal's price is supported by lingering uncertainties about geopolitical issues, analysts said.

They said that growing investor demand for riskier assets meant the bullion price may not go up soon, but demand for risk hedging remained, so any downside would be limited.