Gold rises on central bank buying rumours

The gold price had been lent further momentum by investors anticipating central banks would deliver on comments they would buy gold, Bloomberg News reported.

"Some investors are buying gold partly in anticipation of central bank buying," Stephen Briggs, a London-based analyst at Societe Generale, said in an interview with Bloomberg News.

"The market believes that central banks such as in Asia are or are going to start buying, although we have not seen any evidence of this," Briggs said. "Bad fa

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