Central banks continue to purchase gold

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The World Gold Council on Wednesday released its Q1 2011 Gold Investment Digest, which revealed that central banks were still net purchasers of gold in the first few months of this year.

The official sector became net buyers of the precious metal for the first time in 20 years last year. There was a slowdown in sales by the European central banks that are signatories of the third Central Bank Gold Agreement, which limits the amount of gold they can sell on market to 400 tonnes.

"The latest data

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