Colombia Sold Two-Thirds of Its Gold Weeks Before a Record High
- Central bank ditched $475 million of its gold holdings in June
- Investors are piling into precious metals as a haven
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Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.
The nation sold 1.8 trillion pesos ($475 million) of its bullion in June, the central bank reported on its website, equivalent to 67% of its holdings at the end of May.