Gold Fall an Opportunity for Central Banks to Buy, Cabraal Says
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Falling gold prices amid the worst selloff in more than three decades provide an opportunity for monetary authorities to increase their holding of the metal, Central Bank of Sri Lanka Governor Ajith Nivard Cabraal said.
The South Asian island will also be examining “quite favorably” the opportunity to purchase more gold to bolster its foreign-exchange reserves, Cabraal said today in an interview with Rishaad Salamat on Bloomberg Television.