Central Banks Bought Most Gold in Nearly 50 Years

Central banks bought 534.6 metric tons of the precious metal last year – the most since 1964 – led by Russia, Brazil and Iraq. Net purchases by central banks accounted for 12 percent of overall demand in 2012, compared with a 10 percent share in 2011. “Countries actively adding to their official …

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Central Banks Bought Most Gold in Nearly 50 Years

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