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Gold Regains Shine After Central Bank Buying Drops to Decade Low

  • Banks including Thailand and Serbia have been raising reserves
  • Global trade recovery provides firepower for bullion purchases
Bullion At Gold Investments Ltd. As Gold Holds Ground Near Record
Photographer: Chris Ratcliffe/Bloomberg
Updated on

Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year.

Central banks from Serbia to Thailand have been adding to gold holdings and Ghana recently announced plans for purchases, as the specter of accelerating inflation looms and a recovery in global trade provides the firepower to make purchases. A rebound in buying -- which had dropped to the lowest in a decade -- would bolster the prospects for gold prices as some other sources of demand falter.