The United States holds the world's largest stockpile of gold reserves by a considerable margin. The country's government has ...

Why do countries have a gold reserve? Countries maintain gold reserves for several reasons. Firstly, gold is considered a stable and reliable store of value. By holding gold, countries can instil ...

New law forces miners to sell 20% of gold produced to central bank under plan seeking to raise country’s exposure to gold ...

Central banks in Africa are turning to gold to protect themselves from economic and geopolitical instability and to diversify their financial portfolios. In September 2023, the price of gold per ...

Tanzania joins several other African nations in an effort to expand their gold reserves. The country is launching a domestic ...

Tanzania's mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank's move to diversify its ...

Gold repatriation started in Europe but it has migrated to India, the Middle East and Africa. Gold-buying and gold ...

Countries with significant gold reserves can also experience stronger currencies, which can lead to trade surpluses. Overall, gold reserves contribute to financial stability and can influence ...

Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening ...

This acquisition positions Poland as one of the top gold buyers among central banks globally during this period, bringing the country's total reserves to 377.4 tons. Gold now constitutes 14.7% of ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...