The figures mentioned in yesterday's comment as possible betting markers in the on-going global gold roulette turned such bets into rich chips overnight, as the 75 level on the dollar index was once again breached, the euro pushed back to just above 1.50 against the greenback, and the $1175 level on gold was not only touched, but surpassed by a further $8 per ounce.
Last night's risk appetite grew on the heels of reports that India may decide to raise its gold allocation to 8% by possibly purchasing the remainder of the gold that the IMF has made available in its quest for cash. Kitco
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