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central banks expect to snap up more gold

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    Article in todays WSJ.
    "Central banks around the world expect global reserves of gold to increase over the next year, while pessimism toward the U.S. dollar has grown, according to a new report.

    More than four in five respondents expect reserve managers to increase global holdings of bullion, the highest proportion on record since the annual survey began, the World Gold Council’s report said. Nearly 30% of the banks plan to add to their own reserves within the next year, including 13% of banks in advanced economies."
 
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