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Central Banks Bought Most Gold in Nearly 50 Years

Published: Thursday, 14 Feb 2013 | 1:00 AM ET
By: Ansuya Harjani
Assistant Producer, CNBC Asia

Central banks scooped up more gold in 2012 than they have annually in nearly half a century as they sought to diversify reserves, the World Gold Council (WGC) said on Thursday.

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Experts: Currency War May Prompt Gold to Rise

Monday, 11 Feb 2013 10:36 AM
By Michael Kling

A currency war could prompt gold prices to rise later this year, analysts predict.

Central banks around the world are pushing down the value of their currencies to increase exports and improve economies at home. The strategy might spark inflation and raise investors’ concerns, causing a surge of investors into gold.

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