Gold Council Sees Central Bank Bullion Buying at 48-Year High
This article is for subscribers only.
Central banks added the most gold to reserves in almost a half century last year as prices averaged a record, the World Gold Council said.
The banks bought 145 metric tons in the fourth quarter, an eighth successive quarter of net buying, the London-based industry group said today in a report. They added 534.6 tons to reserves last year, 17 percent more than in 2011 and the most since 1964, it estimates.