Russia’s gold reserves approach historic landmark ...News

Russia Today - Economy
Russia’s gold reserves approach historic landmark
source : Russia Today ( News ) () 95
Bullion holdings stood at nearly $190 billion as of September 1, according to the country’s central bank Russia’s holdings of gold have reached a new high of $188.8 billion and bullion’s share in the country’s international reserves now exceed 30% for the first time in almost a quarter century, according to the central bank. The Bank of Russia reported on Friday that the value of monetary gold in international reserves had increased by more than $9 billion, or 5.1%, since the beginning of August. The gold price rose 3.6% in August to finish the month at $2,513/oz, meaning that a significant part of the increase in

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