Central Bank Buyers May Extend Record Gold Rally

Financial Post reported that central banks are increasingly buying gold as a hedge against the dollar.

The market news is quoted as saying:

Prices reached a record 14 times this month on demand from investors seeking an alternative to the dollar after the currency slumped to the lowest since 2009, U.S. debt widened, and the Federal Reserve signaled April 27 that borrowing costs will remain near zero percent for an extended period.

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