What has happened in the Early Part of 2010

The World Gold Council said on Friday that the central banks of Russia, the Philippines, Kazakhstan and Venezuela have been buying gold. Russia's central bank bought 26.6 metric tonnes of gold in the last quarter, taking its holdings to 668.6 tonnes. The Philippines increased holdings by 9.5 tonnes in March to 164.7 tonnes. That followed purchases in 2009 by Mauritius, Sri Lanka and India. India bought a massive 200 tonnes, or what amounts to about $8.8 billion at current prices, from the International Monetary Fund in November.