Central banks bought close to 440 tonnes of gold in 2011

gold1

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: