Bank of Mexico Buys 100 Tons of Gold in February, March

Mexico's central bank and become the next big national bank to increase their holdings of gold. This follows the pattern of many other central banks increasing their gold reserves and should be seen as a positive sign for gold.

MAY 4, 2011, 12:32 P.M. ET

LONDON—Mexico's central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say.

The purchase--reported in the International Monetary Fund's statistics on international reserves--follows a shift in the gold market to net central bank buying, following years of official sector sales, and should be welcomed as a positive sign for the yellow metal, said Jonathan Spall, director of commodities ...

To see original article CLICK HERE

Follow Us

Share Page

Weekly Charts

Current Spot Prices


Special Offers

© 2017 Swiss America Trading Corp. All Rights Reserved.   |   Privacy Policy   |   Site Map   |   Contact Us   |   Mobile Version
SWISS AMERICA and Block Logo are registered trademarks of Swiss America Trading Corp.
Where did you hear about us?
Pat BooneMichael Savage
OtherChristopher Greene (AMTV)