Central banks are loading up on gold

But it's not just everyday people who are scrambling to get their hands on gold: Central banks are loading up as well. Data from the World Gold Council showed that central banks scooped up a net 45 tonnes of gold during the first quarter. According to Capital Economics' commodities economist, Simona Gambarini, central-bank demand in the first quarter climbed 28% versus a year ago.







Read More: http://www.businessinsider.com/central-banks-are-loading-up-on-gold-2016-5