Foreigncentral banks, nervouslyeyeing the ratioofdollarsoutstanding to goldin the Treasury's vaults, beganprudentlyexchanging greenbacks for bullion at the posted rate of $35 per ounce.
One area with potential is gold equities, which have lagged bullion significantly this year, pushing the gold-to-XAU ratio to the second-lowest level in nearly 30 years in June.