Data shows central banks continue to accumulate gold, buying even as prices rise

ING have a rundown on the latest data via the IMF on central bank gold purchases.

• continued to purchase gold over the month of July even as spot gold prices made multi-year highs
• Russia, Kazakhstan, China gold reserves all higher

OTF, such as these central banks in gold, buy. And then don't sell.

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Posts on gold over the past 24 hours:

• Gold's long-term move is 'up, up and up'
• Gold is bullish, as long as the Fed is dovish
• Gold pushes higher towards key near-term levels amid softer risk flows
• Analyst says gold set for consolidation lower (short term)