From Mineweb.com: Looking back over the past few weeks, it is apparent that the tipping point for gold was news that India’s central bank had acquired 200 tonnes of IMF gold.
Subsequent announcements from two small central banks (Sri Lanka and Mauritius), from a several well-respected hedge fund managers, and news from Russia’s central bank (of its latest official purchases) has reinforced bullish sentiment and attracted growing private-sector interest………………………….Full Article: Source