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November Gold News 2019


Serbia’s central bank jumps on the gold reserve bandwagon

Serbia’s central bank jumps on the gold reserve bandwagon

The National Bank of Serbia (Народна банка Србије in the native Serbian) has joined a growing list of central banks to add a sizeable sum of gold to the nation’s reserves.

Official figures show that Serbia added nine tonnes of gold to the central bank holdings in October. The transaction was worth approximately $438 million (€397.9 million), with the gold price at $1,503 per ounce.

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