Central banks bought close to 440 tonnes of gold in 2011


The World Gold Council today (February 16) released the latest edition of the Gold Demand Trends report. It revealed that central banks globally bought 439.7 tonnes of the precious metal in 2011.

Despite hints earlier this year that the figure would be a record, as the report said, "there are few who predicted that 2011 would see net official buying to the tune of 439.7 tonnes".

"It has been an incredible year for central bank purchases, nearly 440 tonnes," says Natalie Dempster, director

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