Russia increases gold reserves at record pace

At that time, while the prices
Gold in global markets as a whole
November decline, Russia's central bank
It manages to record levels to buy
gold for its reserves. Thus, according to
World Gold Council, in the past,
quarter CBR bought nearly 77 tonnes of gold
and eventually brought the total zolotozapasov
country to 1352.2 tonnes. In the third quarter
namely Russia became the most active
the buyer of the precious metal, although, according to
Experts, the central bank at all for
the quarter made the most massive
purchase history.

After the Bank of Russia
It was the largest buyer of the People
Bank of China - he bought 50 tons of gold and
finally now its reserves are
1708.5 tons. However, both countries have bought three
times more metal than the rest
countries.

As of 14:06 MSK
Today futures for December gold traded
at $ 1083.5
per ounce (+ 0.23%).

Among all the countries of the gold sold only Colombia, its reserves
decreased by 6.9 tons. Russian experts
said that the Central Bank has for deliberately
year reduces the share of dollars in its
reserves, replacing them with gold and other
currencies (eg euro). Just because
falling prices for gold and the euro on
the global market for reserves last week
Bank of Russia decreased by $ 3 billion.

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