Gold rate today, April 28 -- After delivering strong returns over the past two years, gold may be entering a more uncertain phase, prompting ASK Private Wealth to dial down its bullish stance.

ASK Private Wealth CIO Somnath Mukherjee has shifted his tactical view on gold from "overweight" to "neutral", citing rising volatility and weakening predictive signals from traditional indicators.

Gold prices have rallied nearly 110% over the last two years, outperforming equities and emerging as one of the best asset classes of recent times.

This rally, according to the private wealth firm, was underpinned by a confluence of supportive factors. Central banks continued to purchase gold, supporting the prices. A World Gold Council (WGC) report st...