(Source: goldnews.bullionvault) – ACCORDING TO the Bank for International Settlement’s, central banks have pulled 635 tonnes of gold in the past year, the largest withdrawal in more than a decade. The move, disclosed in the BIS’s annual report, marks a sharp reversal from the last year when central banks added to deposits of gold at the so-called “bank for central banks”, writes Julian Phillips of GoldForecaster.The Bank for International Settlements did not disclose the reasons why the gold/currency swaps were initiated in the first place, nor have they disclosed why these transactions were reversed…

Source: goldnews.bullionvault

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