Despite dents, gold to glitter

Jewelry demand, access to foreign resources may offset negatives in the second half

Gold's appeal as a safe haven seems to have dimmed recently, as gold prices have swung wildly this year due to dollar volatility and global geopolitical uncertainty, market insiders said.

Yellow metal prices are likely to remain buoyant in the second half of this year, given the continuing uncertainty over global economic growth and growing jewelry demand, said Zhu Yi, senior analyst of metals and mining at Bloomberg Intelligence.