Gold bulls in Goa happy to quit this year for promising 2016

If 2015 is shaping up as a bad year for gold bulls, next year holds more promise.

Until the U.S. Federal Reserve raises interest rates, expected by the end of the year, gold prices will stay under pressure, according to industry figures at a conference in Goa. Once that hurdle is cleared, the market should climb as low prices spur demand from traditional buyers in China and India.

Gold bulls in Goa happy to quit this year for promising 2016