Financial Times FT.com

India’s bullion buy starts gold bull-run

By Dylan Grice

Published: November 18 2009 16:05 | Last updated: November 18 2009 16:05

India’s recent decision to buy International Monetary Fund gold could just herald the start of a new bull market in bullion, says Dylan Grice, strategist at Société Générale.

He notes several parallels between conditions now and those during the gold bull market of the 1970s. “That period saw tight energy markets, overly accommodative central banks and nervousness that policymakers had lost their way,” he says. “Sound familiar?”

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