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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