The tiny island nation of Mauritius and Sri Lanka also added gold to their reserves.
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Should the money supply increase, we would expect the price of gold to move up.
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However, he then looks for gold to peak late this year or early next.
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Meanwhile, there is an assumption that China is continuing to add gold to its reserves.
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Most gurus were expecting gold to go up due to increasing instability in Europe.
Central Bank chief Nelson Merentes said the return of the gold to Venezuela was a "historic act".
Adam Klopfenstein, senior market strategist with Archer Financial Services, looks for gold to remain on the defensive.
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Now it is scaring up anxiety that you'll lack the gold to pay for your golden years.
He also said it was too soon for gold to rally on these types of inflation worries.
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News reports that European banks have been selling gold to raise dollars also pressured prices, he said.
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However, he said the tendency is for gold to pull back once it has made its highs.
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That is gold to advertisers looking to target individual consumers at the nexus of content and engagement.
Norman said for gold to see a sustained move, the market needs to see a change in view.
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But when grave uncertainties arise, and, above all, when unexpected war comes, men prefer gold to real estate.
Softer German economic data put some pressure on the euro, causing gold to inch slightly lower, Nabavi said.
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Yes, contrary to common wisdom and current euro zone practice, governments can and have put gold to good use.
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He expects gold to rebound strongly this summer and possibly into new highs.
For years mining companies rode the rising price of gold to new riches.
They are turning to the euro and to gold to build up reserves.
Some of these talking heads have equated holding gold to also having an arsenal of guns in their home.
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Last year, they switched from being net sellers of gold to net buyers.
The owner has her eye on Gold to attract higher rent paying tenants.
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Further, this only adds to expectations that China will keep adding gold to its massive foreign reserves, he said.
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When the fund was launched, it was considered a major innovation, finally allowing gold to trade like a stock.
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Not surprisingly inflation predictors Richard and Marilyn both expected gold to go up.
It doesn't lessen the value of that gold to Wiggins or his country.
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There was not enough gold to cover all of the possible exchanges of gold for dollars by foreign governments.
Governments have traditionally held gold to provide security at times of international crisis.
Silver futures followed gold to the downside and hit a fresh four-month low.
Weakness in outside markets can compel investors to sell gold to book profits and meet margin calls elsewhere, Lusk said.
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