Buenos Aires, March 10 (NA) – International reserves closed on Monday at US$45.768 billion, down by US$236 million, despite the monetary authority purchasing US$50 million. The decline was due to a combination of asset devaluation and payments to multilateral organizations. The drop is explained by a fall of US$130 million in the spot price of gold, which retreated to US$5,147.06 per ounce amid fears of further interest rate hikes by the Fed. Gold fluctuations directly impact the composition of reserves, both when it falls and when it advances. Additionally, commitments to international organizations were settled for over US$30 million, according to the consulting firm Wise Capital, in a report received by the Argentine News Agency. “Despite the adverse accounting impact of the day, the entity led by the BCRA manages to maintain a robust operational balance so far this year, accumulating net purchases totaling US$3.053 billion in this 2026, which marks a contrast between the official intervention dynamics and the volatility of external quotations,” the report concluded.
