Gold reserves – Page 6 – THE OVAL CIRCLE

Russia fills coffers with gold & adds $2.5 billion to forex reserves during coronavirus peak

Posted on May 15, 2020June 15, 2020By Editor

Russian gold and foreign currency holdings have hit $566 billion as of May 1, according to the latest data released by the country’s central bank. International funds grew by $2.53 billion, or 0.4 percent, last month. … Read More >Russia fills coffers with gold & adds $2.5 billion to forex reserves during coronavirus peak

Business

US faces DEFICIT of GOLD amid coronavirus market rout – media

Posted on March 29, 2020March 29, 2020By Editor

As the deadly infection spreads across the US, the demand for gold, the all-time safe-haven metal, has skyrocketed, but there is not enough of it in local coffers to satisfy buyers’ appetites, according to The Wall Street Journal. … Read More >US faces DEFICIT of GOLD amid coronavirus market rout – media

Business

Russia’s keeps stockpiling gold as bullion prices continue to surge

Posted on February 20, 2020June 15, 2020By Editor

Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January. … Read More >Russia’s keeps stockpiling gold as bullion prices continue to surge

Business

Russia adds nearly $1 billion to forex reserves, raising them to almost $560 billion

Posted on January 30, 2020January 30, 2020By Editor

Russian gold and foreign currency holdings have increased to a total of $559.8 billion, according to the latest data released by the country’s central bank. … Read More >Russia adds nearly $1 billion to forex reserves, raising them to almost $560 billion

Op-ed

IMF warns of new ‘Great Depression’, Russia ahead of the curve due to increased cash & gold reserves

Posted on January 22, 2020January 22, 2020By Editor

Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. … Read More >IMF warns of new ‘Great Depression’, Russia ahead of the curve due to increased cash & gold reserves

Business

Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs

Posted on December 10, 2019By Editor

Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal. … Read More >Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs

Business

Poland brings home 100 tons of gold from Bank of England

Posted on November 26, 2019November 26, 2019By Editor

Poland, which has been rapidly boosting its bullion reserves over the past two years, has repatriated around 100 tons of gold from the Bank of England’s vaults in London. … Read More >Poland brings home 100 tons of gold from Bank of England

Business

One region alone in Russia mines $1.9 BILLION-worth of gold in less than a year

Posted on November 24, 2019November 24, 2019By Editor

Russian gold miners in the Far Eastern region of Magadan have extracted more gold than some countries’ entire bullion reserves. They’ve mined over 40 tons of the precious metal since the beginning of 2019. … Read More >One region alone in Russia mines $1.9 BILLION-worth of gold in less than a year

Business

Bullish on bullion: Serbia joins global gold-buying spree, adding more of the precious metal to its coffers

Posted on November 16, 2019November 16, 2019By Editor

The Central Bank of Serbia has announced it purchased nine tons of gold in October, following the lead of regulators across the world, including Russia and China. Serbia’s gold holdings now make up ten percent of total reserves. … Read More >Bullish on bullion: Serbia joins global gold-buying spree, adding more of the precious metal to its coffers

Business Russia

Golden shield: Russian bullion reserves will protect country against slump in oil prices

Posted on October 20, 2019October 20, 2019By Editor

Russia can withstand a sharp drop in crude prices thanks to its sufficient gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov has said. … Read More >Golden shield: Russian bullion reserves will protect country against slump in oil prices

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