Analysts: Central Banks Add More Gold To Reserves In June

From kitco.com

Central banks, which have been heavy gold buyers since last year, continued to add the precious metal to their reserves during June, analysts reported Wednesday. “Global gold reserves continue to climb, tracking the 8% gain in June, the biggest monthly surge in three years as trade and economic tensions rise,” said commodities brokerage SP Angel. Analysts cited data on the International Monetary Fund website showing that Kazakhstan raised gold holdings to 12.07 million ounces last month from 11.925 million in May. Russia’s reserves climbed to 70.96 million ounces in June from 70.42 million in May. Turkey ... (full story)