Gold regains shine after central banks boost holdings

Golden opportunity: A rebound in buying will bolster the prospects of gold prices. — Bloomberg

BELGRADE: Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year.

Central banks from Serbia to Thailand have been adding to gold holdings and Ghana recently announced plans for purchases, as the spectre of accelerating inflation looms and a recovery in global trade provides the firepower to make purchases.