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{Economic: Al Furat News} World Gold Council data for the month of March showed that the world's central banks' reserves of gold amounted to 35,536.8 tons.
Compared to last January's report, central bank reserves around the world decreased by 34.5 tons, as reserves were in January at 35571.3 tons of the metal.
The United States leads the world in precious metal reserves, with 8,133.5 tons, followed by Germany (3,359.1 tons), then Italy (2451.8 tons), France (2436.4 tons), and then Russia (2298.5 tons).
As for the Arab world, Saudi Arabia leads the Arab countries with gold reserves, as the Kingdom owns 323.1 tons of the precious metal, followed by Lebanon 286.8 tons, and then Algeria 173.6 tons.
Gold is considered a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation, and in the past years, the prices of the precious metal have risen.
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