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Global central banks slowed gold purchases in February - WGC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The latest data from the World Gold Council (WGC) showed that the global central banks, barring the Chinese and Russian, slowed their gold purchases in February.

    Key Points:

    Combined global central banks’ gold purchases were up 25 tons in Feb against a 41 ton purchase in January.

    China and Russia were the exceptions, who added 10 and 11 tons of the precious metal to their holdings, respectively, after a sharp run-up in purchases over the last ten years.

    Turkey reduced gold reserves by 37 tons in February
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