Mexico's central bank purchased at least 90 tons of gold during the first three months of 2011, according to figures from the globe's overseer of financial systems.
The International Monetary Fund states the purchases push up the nation's gold holdings to 100.15 tons, which is 33rd most of the world's nations, the BBC reports. The investment indicates that national banks' interests are drawn away from debilitating U.S. dollar.
The World Gold Council has said that the central banks of nations with emerging markets are likely to purchase the precious metal, which has gained in price by about 11 percent thus far this year. Drivers of the skyrocketing value are the slumping U.S. dollar, the re-emergence of euro zone banks' debt troubles and tumult in the Middle East and North Africa.
The precious metal also has gained in value each of the past ten years.
At 10:57 a.m. on Wednesday, gold futures dropped 0.79 percent, a $12.20 slip to $1,528.20 per troy ounce.
The U.S. holds the world's largest supply of gold, a reported 8,133 tons. China, owner of the globe's most rapidly developing economy, ranks sixth with more than 1,054 tons.
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