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Thursday, September 26, 2013

Turkey tops central banks’ gold buying in August: IMF

Turkey tops central banks’ gold buying in August: IMF

Reuters/Singapore

Turkey raised its gold reserves by the most in five months in August and topped the list of countries that bought more bullion, according to the International Monetary Fund, showing that gold’s appeal remains intact despite falling prices.

Russia, which has the world’s seventh largest reserves of gold, increased its holdings last month by the biggest amount since December, according to the IMF data yesterday.

More:Turkey tops central banks’ gold buying in August: IMF