The gold rally is different this time

I argued the bull case for gold in my posts over the past few months. With the gold price scaling fresh peaks and closing in on $1,100, it would certainly seem as if renewed interest in the yellow metal is being stirred up, especially subsequent to the purchase by India’s central bank of 200 metric tons of gold from the International Monetary Fund.

... The gold price is not only making headway in US dollar terms, but also in most major (and minor) currencies...