Why CBK is eyeing gold amid global buying binge

BDGOLD

Over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady ship at anchor.

The Central Bank of Kenya (CBK) is joining other central banks across the world in the scramble for gold to diversify away from the dollar.

This marks a new reserve strategy for the regulator that has generally been conservative when it comes to accumulating the precious metal in the age of currency volatility and geopolitical uncertainty.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.