Emerging market central banks lead gold rush

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Emerging market central banks significantly boosted their purchases of gold in the three months to September, according to the World Gold Council (WGC) quarterly report, the highest net position reported by the association.

In a report published on Thursday, the WGC said central banks' net purchases amounted to 148.4 tonnes by the end of the third quarter of 2011, up from the 69.4 tonnes in the last quarter and the highest level since the WGC was established in 1987.

The WGC said central banks

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