According to a recent report by Goldman Sachs, while the tech industry isn't as forceful a player in the UK national economy as it is in the US, a downturn within the sector could stillspell problems for the UK economy.
Still, India's dry spell is what is captivating gold investors now and likely to be the primary obstacle to higher prices for the rest of the year, said Jon Nadler, senior metals analyst with Kitco Metals Inc.