15
September
Gold gains as central banks stock up
15 September 2010 The Financial Times
Gold prices have pushed to a fresh record amid forecasts that central banks will be net buyers of bullion this year for the first time in two decades, the clearest sign of the rehabilitation of bullion after the financial crisis.
The shift marks a turnround after heavy disposals by European central banks over the past 10 years, when gold was seen as a non-yielding unattractive asset. Monetary institutions then swapped their bullion for yielding sovereign debt.
http://www.ft.com/cms/s/0/f99f518a-c025-11df-b77d-00144feab49a.html
