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Flight to safety as investors, central banks pile into gold

Both investors and central banks are increasingly flocking to gold amid global geopolitical and economic uncertainty, figures from the World Gold Council have revealed - and some countries have tripled their gold reserves, reaching unprecedented highs.

Flight to safety as investors, central banks pile into gold Flight to safety as investors, central banks pile into gold Flight to safety as investors, central banks pile into gold Flight to safety as investors, central banks pile into gold Flight to safety as investors, central banks pile into gold

Turkish president Recep Tayyip Erdogan has called on citizens to buy gold, while the country's central bank has built up gold reserves to record highs. Russia and China have done the same, while European and North American investors have also flocked to gold amid global geopolitical uncertainty. Source: AP Photo/Richard Drew

"There's a very good chance of a strong bull run for gold given the environment", SP Angel research analyst John Meyer told Mining Journal

Investors poured US$3.