IMF Data Says Mexico Adds to Gold Reserves

Bloomberg reported that Mexico increased its gold reserves in March to 122.6 tons.

As quoted in the market news:

Central banks are expanding reserves after the metal climbed the past 11 years and holdings in exchange-traded products are about 0.7 percent below last month’s all-time high. The banks added 439.7 tons last year, the most in almost five decades, and may buy a similar amount in 2012.

Click here to read the full Bloomberg report.