Venezuela's Gold Reserves Plunge Over 11% Amid Economic Challenges In 2023, Venezuela’s central bank reported an 11.5% decline in its gold reserves, totaling 61 metric tons, a decrease reflected in the reserves’ value, which dropped to $3.8 billion, $71 million less than the previous year. The central bank, without specifying causes for this decline in its announcement, noted the average gold price on its balance sheet for the latter half of 2023 was $1,959.62 per troy ounce, compared to $1,775.02 the year prior. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE LBMA: 2024 Precious Metals Analysts' Forecasts READ MORE $20,000 Gold: Is A Treasury Revaluation Possible? READ MORE BRICS Nations' Gold Rush: Safeguarding Economies Against US Recession Fears READ MORE Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment