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Prospect of central bank buying buoys gold

Source: The Globe & Mail
New York City : NY : USA | about 1 month ago  
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The IMF has sold 200 tonnes of gold to India's central bank
G old GC-FT rose on Friday, boosted by the prospect of central banks buying the precious metal to diversify their reserves and as the market waited for key economic data from the United State. Spot gold was bid at $1,094.55 (U.S.) a troy ounce at 1031 GMT from $1,089.55 late in New York on Thursday.
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