Sunday 09, December 2012 by Gerhard Schubert

Precious Metals Report - central bank buying on course?

There has been an announcement from the Bank of Korea that it bought 14 tonnes of gold during the month of November but that has so far been the only Central Bank to declare purchases for last month. Others might take a little bit more time but our target of net buying from Central Banks for 2012 of 500+ tonnes seems to be very much achievable.