You’ve got to speculate that China is buying gold with both hands after India got the first crack at the IMF’s gold hoard rather than China, as had been expected. China wanted to buy the whole 400-plus tons the IMF put up for bid, but India was the unexpected recipient of half. I’m guessing that China is either in buying or the market assumes China will have to enter the market to buy gold that it thought it was going to receive in bulk…
Looks like India and China won’t just be fighting over water…
