04.11.2016 - Central Banks Gold Buying Picks Up In September To 13 Tonnes
Although central bank gold purchase has been uninspiring this year, one research firm remains optimistic that this segment of the market will continue to grow. According to Capital Economics, quoting data from the World Gold Council, central banks, were net gold buyers last month, purchases totaling 13 tonnes. Once again, a prevalent theme for the las three years, the Russian central bank was the biggest gold buyer, purchasing 16 tonnes last month. The People’s Bank of China bought almost 5 tonnes of gold last month and Kazakhstan bought slightly more than 4 tonnes.............................................Full Article: Source
Print