HSBC: Central Banks Added Estimated 180.1 Metric Tons Of Gold So Far In 2014
Allen Sykora reports for Kitco: With data now out for May, HSBC estimates that global central banks collectively have accumulated 180.1 metric tons of gold in the first five months of 2014. The most recent data from the International Monetary Fund show that central banks collectively added 13.7 tons of gold to holdings in May. The top buyers included Russia, which increased its gold holdings by 9.5 tons; Turkey, which increased its gold position by 6 tons; and Kazakhstan, which accumulated 2.7 tons. Meanwhile, the central banks of Ukraine, Germany and the Slovak Republic liquidated some of their bullion holdings. (That is all for this post.)
Source: http://www.gotgoldreport.com/2014/06/hsbc-central-banks-added-estimated-1801-metric-tons-of-gold-so-far-in-2014.html
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