Kenya shied away from gold purchases for the country’s reserves as central banks and government agencies around the globe stockpiled the precious metal viewed as a safe haven asset during times of geopolitical and economic upheaval.
Central Bank of Kenya (CBK) data shows that the regulator held gold reserves of Sh120.5 million in June last year from Sh105.9 million in 2021 and Sh105.6 million for the year 2020.
