Gold: Physical demand remains strong from emerging markets

Asian Central Banks are reportedly sitting on the bid near $1525, according to interbank sources, and other emerging market economies have also been very active buyers of Gold over the last month. Dow Jones newswires report that Turkey has been a massive buyer, adding almost 1million ounces to its reserves whilst countries as diverse as Mexico and Kazakhistan were also reportedly adding to reserves, although in much smaller amounts.

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