Central banks bought 534.6 metric tons of the precious metal last year, the most since 1964.
LONDON(BullionStreet): Global central banks bought more gold in 2012, in nearly five decades, as they sought to diversify reserves, the World Gold Council (WGC) said.
Central banks bought 534.6 metric tons of the precious metal last year – the most since 1964 – led by Russia, Brazil and Iraq.
Net purchases by central banks accounted for 12 percent of overall demand in 2012, compared with a 10 percent share in 2011. ...