-
El Salvador increases gold reserves by 32% after Bitcoin windfall
Central bank demand for gold may have slowed through the summer, but official purchases remain a dominant force in the market. El Salvador underscored this trend as its central bank just boosted its gold reserves for the first time in three and a half decades. The Central American country announced Thursday that it bought 13,999 troy ounces of gold, valued at $50 million. In a press release, the bank said the purchase was part of its medium- and long-term strategy to diversify and strengthen international reserves. With this acquisition, El Salvador's gold holdings rose from 44,106 troy ounces to 58,105 troy ounces, ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
The BLS is experiencing technical difficulties ahead of the Nonfarm Payrolls data at 08:30 ET.
Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job gain in health care was partially offset by losses in federal government and in mining, quarrying, and oil and gas ...
From aol.com | Sep 5, 2025
Stablecoin issuer Tether (CRYPTO: USDT) is exploring investments in the gold industry as part of its broader strategy to diversify profits from its cryptocurrency operations. What Happened: Quoting sources, Financial Times reported on Friday that the company has held discussions with mining groups and investment firms about opportunities across the gold ...
