Central Asian nations, Russia add Gold reserves in January
Central Asian states of Kazakhstan, Azerbaijan and Tajikistan all boosted their gold reserves, the reports said.
Russia added another 12.2 tons of gold to it's reserves in the first month of this year to 970 tons, according to IMF's monthly statistics.
Turkey also raised its holdings by 10.3 tonnes to 370 tonnes in January. In December, Russia added 19.9 tonnes to its gold reserves and Turkey added 45.6 tonnes.
Central Asian states of Kazakhstan, Azerbaijan and Tajikistan all boosted their gold reserves, the reports said. Central banks as a group became net buyers in 2010 after they had been net sellers the previous two decades.
The 2008 global economic crisis triggered resurgent official-sector interest in gold. Central-bank buying was a major driver to gold's record-high price in September 2011.
Meanwhile, Russia's gold and foreign exchange reserves fell to $529.5 billion in the week to Feb. 15 from $532.5 billion a week earlier, according to Russia's central bank.
Sumber : Google
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