Central Bank of Sri Lanka buys gold to diversify its reserves
The World Gold Council is delighted to note that the Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves.
Central banks will be net buyers of gold this year as they diversify away from the US dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.