The United States Federal Reserve's multibillion-dollar, open-ended monetary easing pledge is being hailed as the catalyst for another crack at record highs in the price of gold, but its failure to spark a high-octane rally suggests other factors are in play for the bullion market.
The Fed's plan to buy US$40 billion a month in mortgage-backed securities has been launched in a different gold market to the one in 2008, when an initial round of easing sparked a surge in volatility and a rush to consecutive record price highs.
via Business feed http://www.scmp.com/business/commodities/article/1051021/slow-india-buying-stalls-golds-record-run
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