Congo Central Bank to Buy State-Owned Firm’s Gold for Reserves

Democratic Republic of Congo’s central bank will begin purchasing gold for its monetary reserves from a state-owned trader, the company announced Friday.

DRC Gold Trading SA will partner with the central bank to provide gold from Congo’s hand-dug — or artisanal — mining sites as the country looks to profit from its rich reserves and booming prices, the company said in a video sent to reporters.