Kenya’s Central Bank Is ‘Actively Considering’ Buying Gold (1)

Kenya is considering adding gold to its reserves to diversify its foreign-exchange holdings beyond the dollar and other currencies, according to its central bank governor.

“We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said Thursday in an interview with Bloomberg TV in Washington on the sidelines of the International Monetary Fund and World Bank Spring Meetings. “I wouldn’t want to put a timeline to it.”

Central banks and investors around the world are stockpiling gold, pushing prices to a record. The precious metal’s run ...