Mexico buys 93 tonnes of gold

Mining the money

The Bank of Mexico has purchased nearly 93 tonnes of gold, marking an increasing trend among emerging market central banks to raise holdings of the precious metal.

Data on official reserve assets at the Bank of Mexico shows the central bank increased its gold holdings by 93.3 tonnes, from just 7 tonnes in January this year, to more than 100 tonnes in March. At Wednesday's market price of $1539.02 for a troy ounce of gold, reserves in the precious metal at the central bank are now worth just

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