Central banks increase gold reserves

Central banks in many countries increased their gold holdings by more than 2% between 2008 and 2010, according to a report by Qatar-based financial company QNB Capital. Mostly gold was bought by the central banks of developing countries: Brazil, Russia, India and China, as well as the countries of the Middle East. An especially significant event was the purchase by the Mexican central bank of 100 tons of gold in February 2011.

July 5, 2011

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