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Tanzania Builds Gold Reserves with 28-Tonne Purchase to Strengthen Economy and Currency

Tanzania’s central bank has accumulated approximately 28 metric tonnes of gold over the past 18 months as part of an ambitious strategy to strengthen the country’s international reserves, stabilize the Tanzanian shilling, and enhance long-term financial resilience. The announcement was made by Bank of Tanzania Governor Emmanuel Tutuba during the 2026 African Caucus meeting of […]

Gold Overtakes Euro

Gold Overtakes Euro

In June 2025, the European Central Bank (ECB) reported that gold surpassed the euro to become the second-largest global reserve asset by market value, trailing only the US dollar. Gold accounted for about 20% of global official reserves at the end of 2024, overtaking the euro’s 16%. This shift was driven by a 30% surge […]