Investing
Central Bank gold reserves now valued at over €700 million
Bank has steadily increased its holdings of the precious metal, which is seen as a reliable investment in times of uncertainty
The total value of the Central Bank’s gold reserves has topped €700 million as reserve managers around the globe load up on the highly liquid asset amid geopolitical tensions and economic uncertainty.
The most recent figures, released in a parliamentary question to Social Democrats co-leader Catherine Murphy, show the regulatory authority now holds more than 12 tonnes of gold at a market value of almost €704 million.
Ireland’s Central Bank has in recent years steadily ...