European central banks halt gold sales

26 September 2011 marked the end of the second year of the third Central Bank Gold Agreement (CBGA3). European central bank signatories to the agreement sold a gross 1.1 tonnes of gold during the year, the lowest annual sales since the agreement began in September 1999.

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Asian axis of India and China continues to advance gold demand

Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes (t), worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted…

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