Russian Central Bank Sees No Need to Restart Gold Buying After Years of Accumulation

Posted on 05/01/2020


The Central Bank of the Russian Federation stopped purchasing gold for its reserves on April 1, 2020. The central bank holds 73.9 million troy ounces of physical gold, which is valued at around US$ 120 billion. Gold accounts for about 20% of Russian international reserves. Over the past five years, Russia spent more than US$ […]