(MENAFN- Qatar News Agency) International Monetary Fund (IMF) published data on Tuesday showed that Turkey, Russia and Azerbaijan raised their gold reserves in the past July as price of the precious metal recovered from near three-year lows.
Turkey lifted its gold holdings by 22.5 tonnes, the biggest increase seen among 15 central banks last month whose reserves rose, according to data from the IMF's website.
France, Kazakhstan, Mozambique and Guatemala also boosted their reserves of the precious metal but by a much smaller amount.
Gold jumped more than 7% in July after slumping to $1,180.71 an ounce in June, its weakest since August 2010.
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