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

Gavin Wendt

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.


Gavin Wendt

I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...

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