Turkey, Russia and Azerbaijan increased their gold reserves in July, data from the International Monetary Fund showed on Tuesday

Gavin Wendt
Gavin Wendt MineLife

Turkey, Russia and Azerbaijan increased their gold reserves in July, data from the International Monetary Fund showed on Tuesday. Turkey lifted its gold holdings by 22.5 tonnes, the biggest increase seen among 15 central banks last month whose reserves rose, according to data from the IMF's website. France, Kazakhstan, Mozambique and Guatemala also boosted their reserves of the precious metal but by a much smaller amount.

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