CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Gold and gold receivables held by euro zone central banks rose by €56.8 billion to €420 billion after a quarterly revaluation, the European Central Bank said on Wednesday.
Net foreign exchange reserves in the Eurosystem of central banks rose by €13.2 billion to €191.1 billion after the revaluation, the ECB said in a weekly consolidated financial statement. The combined balance sheet of the ECB and the 17 national euro zone central banks grew by €80.8 billion to €2.289 trillion, the statement showed. The euro fell against the dollar on Wednesday as worries about a Greek default persist and one day after the first European bank had to be bailed out.
Reuters reports the euro fell on Wednesday weighed by a lack of concrete details to deal with the region’s debt crisis and worries over a Greek default even after a pledge by policymakers to strengthen European banks.
Click here for the ECB press release on gold reserves
