Gold is riding on the back of optimism. Given that Greece is still hesitant and Euro is still weak, and that Swiss Franc is negative in return and dollar is hesitant with the debt traders challenging it Gold is a parking bay. The slow rise of oil encourages gold too. Indian gold demand is largely inelastic. So are the Chinese in love with yellow metal. So there is support for gold. At least for some days.
(Views expressed without any risk or responsibility)
(Views expressed without any risk or responsibility)
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