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The Indian Government’s Moves On Gold

Faced with large current account deficits and heavy demand for foreign currency to pay for petroleum and other imports over the past several years, the Indian government has taken…

India’s bank gets the wobbles

Still stuck in the tramlines, gold $1550-1600/oz. Ironically, as a Euro peace deal was brokered, gold flipped up $30/oz on the week, most of it on Friday. Anything for the weekend…