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Tuesday, July 29, 2014

Central Banks in Russia to Kazakhstan Boost Gold Reserves

http://www.bloomberg.com/news/2014-07-26/central-banks-in-russia-to-kazakhstan-boost-gold-reserves.html

Central banks for Russia to Kazakhstan and Mexico increased gold reserves as Germany trimmed its holdings, International Monetary Fund data show.
Kyrgyzstan, Tajikistan, Serbia, Greece and Equador also showed higher gold reserves for June, according to figures published today on the IMF website. Central banks had lowered world gold reserves for a second month by May to 1.022 billion troy ounces, IMF data show.
Gold advanced the most in four months in June as fighting in Ukraine to Iraq and Israel boosted demand for a haven. Hedge funds almost doubled net-long position in gold during June, U.S. Commodity Futures Trading Commission data show.

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