Gold renewed its record- breaking run on Wednesday, surging towards the $1,200 a troy ounce level, with bullion likely to make further gains after Sri Lanka joined other central banks in buying gold from the International Monetary Fund, analysts said.
The IMF said late on Wednesday that the Asian country had bought 10 tonnes of bullion from its reserves for $375m, confirming a trend of central bank gold buying that reverses two decades of heavy selling.
