Wednesday 25 May 2016
gold reserves

Six new gold reserves found in Saudi

A total of six gold and two copper deposits have been discovered in Saudi Arabia since 2010, according to a recent announcement from the Saudi Geological Survey (SGS), a report said. A number of key achievements have been made by


Lebanon has $12bn of gold, 'won't buy or sell'

Lebanon, which has gold reserves worth nearly $12 billion, has no intention of buying or selling the precious metal, the central bank governor said. Riad Salameh told Reuters that the bank's stocks made it the second biggest holder of


Saudi 'did not buy new gold reserves in 2010'

Saudi Arabia did not buy new gold reserves in 2010 despite data from the World Gold Council (WGC) that showed the kingdom had doubled its reserves during the first-quarter, the central bank governor said on Sunday. We did not buy new gold,


Saudi gold reserves surge to 323 tonnes

Saudi Arabia has been hoarding gold for the past year and its reserves have gone up substantially, from 143 tonnes previously reported, to 322.9 tonnes, it was revealed. Saudi Arabia is the world’s fourth-largest holder of foreign exchange

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