[ad_1]
Reuters
Qatar buys 7.8 tons of gold in a month
The countries of the world are increasing their gold reserves, which are a safe haven. Russia, China and the Arab countries were the only country to increase its holdings of precious metals last month.
According to the World Gold Council's monthly report, the country's holdings of the precious metal rose 330 tons in the past month, from 34076 tons to 34407 tons last month.
The Council, in a report published in September, indicated that Qatar had increased its gold holdings during the month from 31.3 tons to 39.1 tons and bought 7.8 tons, which equates to about 250,000 ounces d & # 39; gold.
Thus, Qatar has climbed in the ranking of the world's countries in terms of precious metal reserves from the 56th to the 52nd, but its rank among the Arab countries has not changed, since it occupies still ninth place in the Arab world.
Gold reserves are part of international reserves. Qatar's gold reserves account for 4.6% of its total international reserves, which include foreign cash, withdrawal rights and highly liquid assets.
Saudi Arabia tops the list of Arab countries with gold reserves (323.1 tons), followed by Lebanon (286.8 tons) and Algeria (173.6 tons). tons).
Source: RT
[ad_2]
Source link
