29.09.2011 - Emerging nations up gold reserves
Emerging market countries are continuing to top up their gold reserves, with Russia, Thailand and Bolivia among those to add to their holdings in August as developing economies continue to diversify away from traditional reserve currencies. Recently, emerging market central banks have bought gold in reaction to the sovereign debt crises affecting the US dollar and the euro, analysts say. Demand has also risen strongly in recent quarters as some seek to diversify foreign exchange reserves that have grown along with emerging market export industries..............................................Full Article: Source
Print