Banks Bought Most Gold in 50 Years Central Banks Bought Most Gold in Nearly 50 Years
"Central banks bought 534.6 metric tons of the precious metal last year – the most since 1964 – led by Russia, Brazil and Iraq. Net purchases by central banks accounted for 12 percent of overall demand in 2012, compared with a 10 percent share in 2011"
"The price of gold may have come under increasing pressure in past weeks with concerns that the Federal Reserve's loose monetary policy may be coming to an end, but analysts have told CNBC that the precious metal can still break through the $2,000 mark in the long term.