The Central Bank of the Emirates increased the gold balance to a new record level at the end of June 2020, reaching its value of 6.58 billion dirhams, an increase of 6.3% compared to December 2019, and the growth rate reached To 27.6% at the annual level.
The Central Bank's move in this regard coincides with the continuous record price jumps that the price of the yellow metal achieved since the beginning of this year, which pushed the price of an ounce to exceed the $ 2000 barrier in the market The global spot price of gold before it was exposed to reap natural profits that brought it back to 1964 dollars on August 29 this year.
and in detail, the latest statistics issued by the Central Bank showed that its balance of gold bullion increased by 148 million dirhams during the month of June 2020 compared with May of the same year, while the value of the increase was Since the beginning of this year, 2.536 billion dirhams and about 5.333 billion dirhams at the annual level.
The index of movement in the value of the cumulative balance of the Emirates Central Bank of gold shows a continuous increase since the beginning of this year, as it rose to 5.951 billion dirhams in the first quarter of the year, and then continued its upward path very much The level of 6.377 billion dirhams in April before it jumped to 6.432 billion dirhams in May of the same year and then closed at the new balance recorded last June.
It is indicated that the value of the Central Bank's balance of gold bullion reached 1.015 billion dirhams at the end of 2016, then rose to 1.152 billion dirhams at the end of 2017 and to about 1.134 in the year 2018, according to official statistics of the bank.
(Amazon fun knowledge)
