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Brazilian Central Bank buys 41.8 tons of gold to bolster reserves

RIO DE JANEIRO, BRAZIL - After years without substantially changing the amount of gold in its international asset reserves, the Brazilian Central Bank headed by Roberto Campos Neto bought 41.8 tons of the metal in June.

With this, the volume of gold that is held in the reserves jumped 52.7% in just one month, to 121.1 tons - equivalent to US$6.873 billion. The value of the June purchase was not disclosed.

It was the biggest purchase in one month since at least December 2000, when the current historical series compiled by the Central Bank on the profile . . .

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