The gold price averaged US$1609.49/oz during the q
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Posted On: 09/20/2012 8:13:10 AM
The gold price averaged US$1609.49/oz during the quarter, 7% above the average Q2 2011 price;
Demand for gold by central banks and official sector institutions accelerated during the quarter. Gold reserves increased by 157.5 tonnes, the largest quarterly net purchase by this sector since it became a net buyer in Q2 2009.
These statistics points to the fact that TNRI picked a win win project
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