Central Bankers Get Tired of Gold as Lower Exports Cut Cash

Central banks holders of about 32,900 metric tons of bullion cut their purchases by 40 percent during the three months through June, compared with the same period a year earlier, to the lowest since 2011, World Gold Council figures compiled by Bloomberg show. It was the third-straight quarterly drop, the longest such streak in at least five years.

Central Bankers Get Tired of Gold as Lower Exports Cut Cash