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Russia Continues to Add to Gold Reserves

Posted by Metals Corporate on

By John McDonald The Russian central bank has been investing heavily in gold this summer, adding 6 tonnes of the precious metal to its reserves in May 2019. This put the country’s total gold holdings at nearly 2,200 tonnes as of June 1, 2019, up by 0.3 percent in May. Russia has added 77 tonnes to its gold reserves since the beginning of this year. About 40 percent of that was purchased this past February. The country’s central bank is not hiding its activities. In fact, it released information about its latest acquisition via a press release shortly after the...

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