20.09.2016 - Central banks boost gold reserves as low interest rates bite
Nations are ditching currencies to buy gold again, raising stocks by 10% since financial crisis as metal becomes a safe haven. Central banks have boosted their gold stocks by almost 10% since the financial crash, reflecting its renewed attractiveness as a safe haven in an environment of uncertainty and low or negative interest rates. China and Russia have led the switch to gold away from foreign currencies, especially the US dollar, to shore up their reserves. Western nations, including the UK, have halted several decades of mass sell-offs...............................................Full Article: Source
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