Gold’s historic rise at the start of the year, followed by increased volatility and its biggest correction in decades, is not deterring central banks’ ongoing drive to increase their official gold reserves, according to a new survey of central banks managing more than $9.5 trillion in reserves. According to the survey of 101 central banks, conducted by Central Banking Publications and sponsored by HSBC, 72.6% of participants invest in gold, up from 69.4% of respondents in last year’s survey. At the same time, 15 central banks, or 15.8%, said they were currently buying gold, and another three central banks said they ... (full story)