Oh ye Gold bugs, are you gonna love this one. Looks like India is buying the rest of IMF gold, 201.3 tons.
India is ‘open to buying’ more gold from the International Monetary Fund, the Financial Chronicle newspaper reported, without saying where it got the information.
The Reserve Bank of India, which bought 200 metric tons of gold from IMF on Nov.3, may buy the remaining 201.3 tons, and terms are now being negotiated, the daily said.
So, still under negotiation but so much for those predicting Gold hit it's top.