Precious Metals

Reuters reported that Kazakhstan’s central bank plans to boost its gold reserves and decrease holdings in the euro.

Reuters reported that Kazakhstan’s central bank plans to boost its gold reserves and decrease holdings in the euro.

As quoted in the market news:

The bank’s deputy chairman, Bisengali Tadzhiyakov, told parliament it had signed contracts to buy 22 tonnes of gold – worth more that $1 billion at current prices – for its reserves from the domestic market. The central bank currently purchases all of the gold refined in Kazakhstan.

Click here to read the full Reuters report.

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