Kazakhstan adds gold for 28th straight month

Central banks have raised gold reserves for the past five years, a reversal from two decades of selling since the late 1980s. Governments added 477.2 tons in 2014, the second-biggest increase in 50 years, and purchases will be at least 400 tons this year, the London-based World Gold Council says. Bullion had its biggest monthly advance in three years in January.

Kazakhstan adds gold for 28th straight month