Colombia raised its official holdings of gold for the first time since March 1998.
(Reuters) Colombia added 2.3 tonnes to bring its reserves to 9.14 tonnes in July, according to International Monetary Fund data released on Wednesday.
The data showed Kazakhstan cut its holdings by 3.11 tonnes to 67.323 tonnes in July, while Tajikistan reduced by 1.19 tonnes to 1.841 tonnes and Mexico by 0.19 tonnes to 105.690 tonnes. Russia, which is already the world’s eighth largest official holder of bullion, raised its reserves by 4.42 tonnes in July to 841.131 tonnes.
Spot gold was last down 0.6 percent at $1,826.49 an ounce at 8:00AM GMT.