N*n
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World Gold Council (WGC) data reveals that for the first time in 21 years
the world's central banks have been net buyers of gold and China has been
the biggest buyer this year, adding 454 tones to bring its central bank
reserves to 1,054 tones.
Amid growing concern over the weakness of the dollar, about 28 billion U.S.
dollars worth of bullion was bought by central banks this year, based on an
average price of 978 U.S. dollars an ounce, according to the WGC.
The biggest buyers have been the emer
the world's central banks have been net buyers of gold and China has been
the biggest buyer this year, adding 454 tones to bring its central bank
reserves to 1,054 tones.
Amid growing concern over the weakness of the dollar, about 28 billion U.S.
dollars worth of bullion was bought by central banks this year, based on an
average price of 978 U.S. dollars an ounce, according to the WGC.
The biggest buyers have been the emer
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