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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (14458)	10/7/2015 9:28:25 AM
From: Goose94	Read Replies (1) \| Respond to of 203690

Central Banks Increase Gold Holdings, To Be Supportive Of Price – Capital Economics Global central banks continue to increase gold holdings, according to one U.K.-based research firm. In a report Wednesday, Capital Economics commodities economist Simona Gambarini notes that central banks added gold to their reserves in August, with China and Russia being particularly active. “We expect further official purchases to be one of several factors supporting the price of gold in the next few years.,” she adds. According to the World Gold Council, 47 tonnes of gold were added to reserves in August. “China and Russia were once again the biggest buyers with 16 tonnes and 30 tonnes added to their respective reserves, as the countries’ central banks seek to diversify their portfolios away from the U.S. dollar,” Gambarini says. “We expect central banks from developing economies to be the main source of demand from the official sector in the future.”