Gold selling by national central banks as a group set a monthly record by value in March as the US-Israeli war against Iran sent energy prices soaring. With global gold prices making the steepest drop since June 2013 last month, official data reported so far show huge gold sales and swaps by Turkey offsetting other central banks' purchases more than 4 times over. That puts the sector's net gold outflows in March at a 21st century record by weight of 102 tonnes, worth an all-time record near $16 billion based on last month's average gold price. {chart} "Central banks' sales are the dominant driver of the $1,000 price ... (full story)