Sellers & Buyers Throng Gold Market

- August 18th, 2009

Gold Investing News reports gold market pressured by buyers and sellers. China’s central bank said, in April, that it had built up its gold reserves by 454 tonnes since 2003 to 1,054 tonnes, making it the world’s sixth largest holder of the precious metal. While European central banks are unlikely to consider increasing the gold … Continued

Gold Investing News reports gold market pressured by buyers and sellers.

China’s central bank said, in April, that it had built up its gold reserves by 454 tonnes since 2003 to 1,054 tonnes, making it the world’s sixth largest holder of the precious metal. While European central banks are unlikely to consider increasing the gold weightings of their reserves, analysts said, sales are also unlikely to gain fresh momentum.

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