Wednesday, July 24, 2019

Russia's Total Gold Reserves Top $100 Billion As Central Bank Adds Another 600K Ounces In June

(Kitco News) - Russia’s gold reserves topped the $100 billion mark in July as gold prices rose and the country’s central bank continued to buy the yellow metal, according to the bank’s latest press release.

The Russian central bank bought another 597,000 ounces or 18.67 tonnes of gold in June, which put the total gold holdings at 2,208 tonnes as of July 1 ?r $100.3 billion, the Russian central bank said in the latest data release.

At the time of writing, August Comex gold futures were trading at $1,417.10, down 0.69% on the day.
Moscow has been actively buying up gold this year, adding more than 96 tonnes since the beginning of 2019.


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