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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

Don’t poke the gold elephant in the room

Posted on 27 January 2014

Big though China is for gold these days, India has remained the elephant shut out of the room. Hence Thursday morning’s pop in London prices. Quickly up $10 per ounce, and then another $10 on top, gold gained after news broke that Sonia Gandhi, leader of India’s Congress Party, apparently wrote to the government, asking to ease its anti-import rules.
Gandhi’s party, the Indian National Congress, is actually in charge, leading New Delhi’s coalition. But Gandhi heads the party, not the government………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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