Trading volume across all exchanges has been muted lately due to the holidays.  Traders are still mostly on vacation which has produced low volatility and a lack of excitement.  Not much is going on in the news front, either.

There was one news headline recently that was quite conspicuous, however.  A news site known as the Deccan Chronicle (www.deccanchronicle.com) published a story on Dec. 25 entitled, “Lift of import curbs may crash gold prices.”  The story was in reference to the Indian government’s proposal to relax import duties on gold.  Dharmesh Bhatia, of  Kotak Commodities Services Ltd., was quoted in the article as predicting a gold price crash if the Indian government removes the duties on gold imports or even relaxes the curbs significantly. 

….read more HERE