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

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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Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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