Central banks break 20-year streak with net gold purchase in 2010
Central banks were net buyers of gold in 2010 for the first time in 20 years as those in emerging market countries continued to increase their reserves in the precious metal, the World Gold Council, a trade body, said on Wednesday.
In its Fourth Quarter Gold Investment Digest, the World Gold Council said that after two decades as a steady source of supply to the gold market, in 2010 central banks had become "slight net buyers of gold".
The shift was led by a purchase by the Bank of Russia, which
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