by Elena Holodny
Gold is on fire.
Last week, the shiny metal officially entered a bull market, defined as a 20% rally off recent lows.
But investors aren’t the only ones feeling gold: central banks just can’t get enough of the shiny metal either.
According to the latest report from the World Gold Council, central banks added 336.2 tonnes of gold to their reserves in the second half of 2015, up from 252.1 tonnes in the first half of the year.
“Central banks added to their gold reserves with renewed vigor in the second half of 2015, accelerating their purchasing programs as diversification of foreign reserves remained a top priority,” reported the World Gold Council.