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World Gold Council: Iraq bought 24.1 tons of gold over the past year
18 February 2013 12: 08 pm Last update: 18, 2013 12: 08 pm
Informed
sources said the World Gold Council has revealed in its annual report
that Iraq bought 24.1 tons of gold in 2012 with the report noted that
global central banks have increased their purchases of gold over the
last year to the highest level since the 48-year-old.
The report
said that Iraq has benefited from high oil prices to buy the quantity of
gold in gold purchases amounted to 236.5 billion US dollars and the
amount was 4405.5 tons.
Analysts said that the main reason for the
increased procurement due to monetary fluctuations, amid fears of a
currency war.
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18 February 2013 12: 08 pm Last update: 18, 2013 12: 08 pm
Informed
sources said the World Gold Council has revealed in its annual report
that Iraq bought 24.1 tons of gold in 2012 with the report noted that
global central banks have increased their purchases of gold over the
last year to the highest level since the 48-year-old.
The report
said that Iraq has benefited from high oil prices to buy the quantity of
gold in gold purchases amounted to 236.5 billion US dollars and the
amount was 4405.5 tons.
Analysts said that the main reason for the
increased procurement due to monetary fluctuations, amid fears of a
currency war.
[You must be registered and logged in to see this link.]
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