World Central Banks Add 15 Tonnes of Gold in August

Kazakhstan led with 8 tonnes, joined by Bulgaria and Turkey in boosting reserves amid a two-year buying trend.

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Terms & Concepts
  • Gold Reserves: The quantity of gold held by a country's central bank as part of its official reserves to support its currency and economy.
  • Central Bank: A national institution that manages monetary policy, currency issuance, and reserves, including holdings of assets like gold.
  • Tonne: A metric unit of mass equal to 1,000 kilograms, commonly used to measure bulk commodities like gold.