Tanzania, April 1 -- Dar es Salaam. The Bank of Tanzania (BoT) has suspended its planned sale of gold reserves following a dip in global prices, signalling a cautious shift in strategy as market conditions turn volatile.

As of early March 2026, the BoT said it was holding approximately 19.6 tonnes of gold, nearing its 20-tonne target. The bank has been rapidly accumulating gold since October 2024 to strengthen foreign exchange reserves and diversify assets, with plans to sell a portion to rebalance holdings.

The decision comes as international gold prices begin to ease after a strong rally earlier this year. Spot gold was trading at around $4,555 per ounce on March 31, 2026, according to Trading Economics.

Although this represents an i...