Rwanda braces for gold billions as Washington deal goes live 

Refined gold bars ready for export at the Gasabo Gold Refinery in the Masoro Economic Zone, Rwanda.

Photo credit: File

Rwanda is looking at a windfall in gold receipts this year, thanks to a significant spike in gold prices on the international market.

Gold prices have rallied in the past few months, surging past the $4,000-per-ounce mark in October to a record high of $4,381, driven by central bank purchases, geopolitical tensions, and expectations of US Federal Reserve rate cuts.