Tanzania Gold Exports Trend Higher on Strong Prices

Tanzania's gold exports are rising, supported by favorable global prices and initiatives to curb illegal mineral exports, said the central bank of Tanzania.

Gold exports rose 20% to $3 billion in the year ending June from a year earlier, the central bank said, adding that the prevalence of low interest rates globally and uncertainty in financial markets continue to support gold prices.

Government controlled mineral trading centers across Tanzania are also aiding Africa's No.4 gold producer to curb illegal shipments, boosting exports, the central bank said.

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