| Year to date gold is up more than 20% in price, thanks mainly to investors in physically-backed gold ETFs and safe haven buying, underpinned by continuing purchases by central banks.
Year-to-date, the official sector has added 52 tonnes of gold up to end-September this year compared to over 150 tonnes during the same period last year according to the latest data from the World Gold Council (after stripping China's once off announcement of 604 tonnes of purchases which was likely spread out over several years). Russia remains a big buyer but Venezuela's gold sales have negatively impacted overall net purchases.............................................Full Article: Source
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