Uzbekistan’s Big Gold Bet Looks Set to Pay Off ...Middle East

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Uzbekistan’s Big Gold Bet Looks Set to Pay Off
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ALMATY, Kazakhstan - When it comes to gold, Uzbekistan has bought low and large. Now it is selling high.World Gold Council data shows that Uzbekistan was the world's top gold-selling country in March with 11 tons sold, with only Thailand's 10 tons coming anywhere near in terms of volume. Most other central banks in the world are trying to accumulate the precious metal, but Uzbekistan did plenty of that before the current trend. And with several economic headwinds to contend with, Uzbekistan's strategy to sell gold has a logic to it. "We have a…

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