gold reserves
Coverage of gold reserves in the Nexus archive.
- Ghana Tells Miners to Sell 30% of Gold to Its Central Bank
Ghana requires large miners to sell 30% of their gold output to the Central Bank to build reserves, up from 20%, but the policy faces resistance from the mining industry.
- A.P. govt. eyeing ₹20,000-crore investment in rare earth mineral processing sector, says Minister
The A.P. government plans a ₹20,000-crore investment in the rare earth mineral processing sector. The Jonnagiri project in Anantapur district, with 13 tonnes of gold reserves, will soon enter commercial production, as stated by Excise Minister Kollu Ravindra.
- Central banks are bringing gold reserves home as geopolitical risks rise
Central banks are increasing gold reserves and storing bullion domestically due to rising geopolitical and currency risks. The trend reflects growing concerns over global instability and financial uncertainty.
- Bloomberg Retracts Incorrect Story on RBI Gold
Bloomberg News retracted a June 2 story due to an incorrect analysis by Bloomberg Economics, which used same-day domestic gold prices instead of the previous day’s London Bullion Market Association price. The error led to a misrepresentation of the Reserve Bank of India’s gold reserves, which remained unchanged in May.
- World Gold Council says diversification driving China’s growing reserves
The World Gold Council states that diversification is driving China's increasing gold reserves, with expectations of continued additions by central banks in emerging markets. China's gold reserves reached 74.64 million troy ounces, up 260,000 troy ounces from the previous month.