Central banks purchased 118 tones in net gold in the second - TopicsExpress

Central banks purchased 118 tones in net gold in the second quarter of 2014 which is a 28% year-over-year increase, according to The World Gold Council. Country-wise, Russia saw a major increase in official reserves since February 2014, moving its place up 2 spots in the ranking. Global official gold holdings totaled 31,812 tonnes as of August 2014, according to the latest report from the World Gold Council.

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