Central banks
Mozambique targets local gold to strengthen foreign reserves
World Gold brief based on reporting byBusinessday NG
Reported by Businessday NG: “Mozambique targets local gold to strengthen foreign reserves”. Gold settled at $4,075 an ounce on October 27, 2026 — $131.00 per gram, +0.90% on the day.
Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
Methodology and transparency
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.