Central Banks in Russia to Kazakhstan Boost Gold Reserves – Bloomberg 07-26-14

Salient to Investors:

IMF data show:

  • Central banks lowered world gold reserves for a second month by May.
  • Russia, Kyrgyzstan, Tajikistan, Serbia, Greece and Ecuador boosted gold reserves in June. Turkey increased its gold holdings in May.
  • Germany lowered its holdings in June.

Hedge funds almost doubled their net-long positions in gold during June.

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

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