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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Central banks join a new gold rush

Posted on 11 November 2009

From WSJ: The world’s central banks are likely to be net buyers of gold in 2009 after spending two decades as net sellers, sparking a race among analysts to figure out which countries may further step-up buying.

For 18 years, central banks have been net sellers of gold, reducing their holdings by 10%. It is a trend long cited as keeping an overhang on gold prices…………………………..Full Article: Source


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