RBS: Central banks gold buying to decline by 30% in 2012

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Source: Commodityonline
Central banks' gold buying is likely to fall by more than 30% this year, according to RBS report. The RBS expects the worldwide banks' gold demand to decrease to 300 tonnes as compared to 439.7 tonnes in 2011. In fact, last year's gold purchases soared by about 470% hitting 48-year high. The largest gold importers were Russia, India and China while the biggest sellers were France, Netherlands and Switzerland.


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