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Where does Russia keep its huge gold reserves?

Over the recent decade, central banks across the globe turned from being net sellers of gold to net buyers of gold with official sector activity jumping 36 percent to 366 tons in 2017 against the previous year. Demand in the first quarter of the current year was up 42 percent year-on-year, with purchases totaling 116.5 tons for the highest ...

Modified: 30.07.2018
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Russia aims to boost gold reserves, increase sales to India and China

An arm of Russia's largest lender, Sberbank CIB, plans to more than double its gold sales to India this year and sell more of the precious metal than forecast to China, its head of global markets Andrey Shemetov told Reuters. Trade with China is more active this year than the bank originally expected, according to Shemetov. Sberbank ...

Modified: 09.04.2018
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