Zambia’s gold stocks levitate 15k.oz as BOZ targets reserve shoring
As the world frets around a rising COVID19 delta variant spread, markets are clearly reacting in ways causing investors fleeing to safety in gold which has pushed its price to $1,823.57/oz roughly 0.9% up in the week. For Zambia, Africa’s red metal hotspot a higher gold price is causing positive market valuation for its recently built gold reserve which has grown 15,392oz (circa. 436.35kilo’s) between yearend of 2020 to date. The Bank of Zambia has been on an aggressive streak to help shore up decade low foreign exchange reserves by buying gold…
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