Kazakhstan, Malaysia Boost Gold Reserves; Colombia Cuts Holdings

Kazakhstan increased its gold reserves for a 34th month in July as Malaysia bought more bullion, according to the International Monetary Fund. Colombia reduced holdings.

Kazakhstan purchased about 2.49 metric tons to take its stash to about 208.14 tons, while Malaysia added 0.62 tons to 37.9 tons, data on the IMF’s website show. Colombia sold 64 percent of its gold reserves to own 3.76 tons.

Kazakhstan, Malaysia Boost Gold Reserves; Colombia Cuts Holdings