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Central Banks Expand Gold Reserves With $6 Billion in Purchases
May. 05, 2011 09:46PM PST
Precious MetalsBloomberg reported that several countries’ central banks are buying up gold.
Bloomberg reported that several countries’ central banks are buying up gold.
The market news is quoted as saying:
Central banks are expanding their gold reserves for the first time in a generation as purchases by billionaire investors including John Paulson contributed to bullion extending its longest winning streak since at least 1920.
