Central Bank Gold for September Differs Worldwide

(Mining) – In September, gold holdings in Turkey increased for three straight months 2.9 tonnes to 490.3 tonnes, whereas Kazakhstan also increased 2.52 tonnes making its total holdings reach 137 tonnes.

Belarus, Azerbaijan, the Kyrgyz Republic, Kuwait, the Philippines, Ukraine and Serbia as well increased their gold reserves.

Russia slightly decreased its reserves for the first time within 12 months, dropping 0.37 tonnes reaching 1,015 tonnes, Mozambique and Mexico also decreased. Canada sold off 3 of its 3.1 tonnes.

Central Bank gold buying was high last year, where countries upsurge a combined 534.6 tonnes, the highest since 1964. 2013 purchasing was lower, and is anticipated to end approximately at 350 tonnes total.