The cumulative gold reserves held by African central banks have surged to $91.7 billion, driven by the sharp rally in global gold prices. The price of gold climbed to $3,985 per ounce as of October 10.
The rise in valuations has boosted the value of existing reserves across the continent. Global
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
