BoT sees renewed hope for growth as gold prices edge higher globally

Dar es Salaam. Rising global gold prices have raised optimism for Tanzania’s economy, with the Bank of Tanzania (BoT) saying the precious metal remains a strategic asset that can strengthen exports, foreign exchange reserves and overall economic stability.

Gold prices climbed to a record high of $4,410 per ounce on Monday, December 22, 2025, from about $4,100 an ounce recorded last month, according to data from GoldPrice.org.