by Ronan Manly, BullionStar:

With many eyes across the world soon turning towards the Gulf State of Qatar as it hosts the upcoming 2022 FIFA World Cup later this year, now is a good time to look at another interesting development in the Qatari Emirate, namely the recent rapid growth of Qatar’s monetary gold reserves.

In August, the Qatar Central Bank raised a few eyebrows when it announced that during July, the Bank had purchased about 14.8 tonnes of gold, thereby bringing the country’s official gold reserves to 72.3 tonnes.