More than $7.9bn of the total was held in foreign currency
Beijing adds to gold reserves in January, signalling a long-term diversification strategy as global markets remain volatile
The average exchange price of gold rose by 52%
Bullion posts its biggest daily gain since 2008 as markets rebound from record two-day slump
Silver also jumped 10% to $87.40 an ounce
Precious metals plunge from record highs as markets reassess U.S. monetary policy outlook and risk assets slide globally
Safe-haven demand lifts gold to record highs amid geopolitical and economic tensions
The latest surge reflects a growing crisis of confidence in the U.S.
Uzbekistan’s foreign exchange and gold reserves also grew
Spot gold rose 1.2% to $4,821.26 an ounce by 02:26 GMT
The precious metal has been rising in value since 2024
The launch will depend on the readiness of both legislation and the market
Analysts said geopolitical risks were a key factor driving gains
Foreign currency assets accounted for $10.6 bn
Silver gained 1.2% to $72.27 an ounce
China, Russia and Kazakhstan were Uzbekistan’s main trading partners
US gold futures for February delivery rose 0.98% to $4,430.30 per ounce
Reserves rose 3.2% over the month
Other active buyers included Indonesia, Turkey, the Czech Republic
The Central Bank of Uzbekistan sold more gold than it purchased