Gold Moves Higher on Weak Dollar, Lower Commodities, Indian Reserve Bank Talk (GLD, ABX, GG, NEM, GDX)

Gold futures are trending upward this morning as rumors swirl that India aims to buy more of the metal.

Rumors are that the Reserve Bank of India (RBI) could buy the IMF's remaining volume of gold, now the subject of negotiations.

Futures of gold are up $12.9 to $1178.7. Items to watch are:

• SPDR Gold Shares ETF (NYSE: GLD) are up 0.83% to $115.64;
  
  
• Barrick Gold Corporation (NYSE: ABX) up 1.19% to $43.53;
  
  
• Goldcorp Inc. (NYSE: GG) at $44.00, an increase of 1.98%;
  
  
• Newmont Mining Corp. (NYSE: NEM) up 1.57% to $54.19;
  
  
• Market Vectors Gold Miners ETF (NYSE: GDX) moves 1.34% higher to $52.14.

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