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Qatar boosts gold reserves as FIFA World Cup nears
By Ronan Manly
Bullion Star, Singapore
Saturday, October 1, 2022
With many eyes across the world soon turning towards the Gulf State of Qatar as it hosts the 2022 FIFA World Cup later this year, now is a good time to look at another interesting development in the Qatari rmirate -- the recent rapid growth of Qatar's monetary gold reserves.
In August the Qatar central bank raised a few eyebrows when it announced that during July it had purchased about 14.8 tonnes of gold, thereby bringing the country's official gold reserves to 72.3 tonnes.
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This addition to Qatar's gold holdings was significant because it was both the largest ever single monthly purchase of gold by Qatar's central bank (or its predecessors), and it also raised Qatar's monetary gold reserves to their highest level ever. In September the Qataris continued their gold buying, raising their gold reserve holdings to 77 tonnes. ...
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