Figures from GFMS suggest that Central Banks are continuing to buy gold with holdings in August showing a rise which has been helping boost the gold price.
Author: Rhiannon HoylePosted: Thursday , 29 Sep 2011 LONDON (WSJ) -
Emerging-market countries continued to top up their gold reserves in August, with Russia, Thailand and Bolivia among those to add to their holdings.
Central banks have bought gold as some seek to diversify foreign-exchange reserves that have grown along with emerging market export industries. The purchases have helped drive the price of gold higher, because they absorb supply and boost market sentiment.
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