Prices of Gold and other precious commodities have been increased with investors becoming increasingly reluctant to US dollars. However, gold price has reached an all-time high recently following IMF’s decision to sell 200 tonnes of gold to
"The question now is, who buys the rest of the IMF gold?" Bart Melek at BMO Capital Markets said in a note to clients.
"We suspect it may be
, other Asian countries, China or even Russia again, as they hold relatively little gold relative to their very large foreign exchange reserves, and may want to diversify away from US dollars." India
It is pretty much naturally that gold price would increase because October-December is the festival season in most part of the world due to Christmas and in