Price, Liquidity Risks Loom as Sub-Saharan Nations Hoard Gold

25.07.31

Sub-Saharan African central banks have been boosting gold reserves to hedge against market volatility, with Ghana, Tanzania and Nigeria leading the charge. BMI (a Fitch Group unit) warns this “gold rush” exposes these countries to two major risks: Price risk – A sudden drop in global gold prices would dent…

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