Articles Tagged "russia"

Russia Returns to Gold Buying Following Two-month Lull

The Telegraph reported that Russia is back at gold stockpiling after suspending purchases for the first two months of 2015. The move is reportedly connected to the fact that the country's central bank is set to cut its main interest rate by 200 basis points when it convenes Thursday.

Russia Still Adding to Gold Reserves

Mineweb reported that during December, Russia's gold reserves increased by 600,000 ounces. The rise is interesting given that many thought the country would sell some of its gold that month.

Russia Raises Gold Reserves Again

November saw Russia increase its gold reserves again, from 18.753 tonnes to 1,187.493 tonnes, Reuters reported. The country is the fifth largest holder of bullion reserves globally.