India's finance minister has called for the South Asian giant to curb its external purchases of bullion in order to balance the country's current account and improve resource allocation.
Gold edged higher in Tuesday trading following the Bank of Japan's announcement that it would implement in stimulus measures to boost the country's stagnant economy
Veteran investor Michael Pento says the deep-rooted troubles of Japan's economy could send a rush of money into gold and silver should domestic interest rates increase.