Gold reserves – Page 7 – THE OVAL CIRCLE

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

China adds over 100 tons of gold to its coffers this year amid ongoing trade war with US

Posted on October 7, 2019October 7, 2019By Editor

The People’s Bank of China raised bullion reserves to 62.64 million ounces (1,957 tons) last month from 62.45 million (1,951 tons) in August, bringing this year’s gold haul to over 100 tons. … Read More >China adds over 100 tons of gold to its coffers this year amid ongoing trade war with US

Following Flushing of Dollars, Yuan-Based Assets Take Top Spot in Russia’s Massive Forex Cushion

Posted on October 6, 2019By Editor

Russia has steadily built up its foreign exchange and gold reserves in recent years, amassing a hoard of over 2,200 tonnes of bullion, and total foreign exchange reserves worth the equivalent of $529 billion as of September 1. … Read More >Following Flushing of Dollars, Yuan-Based Assets Take Top Spot in Russia’s Massive Forex Cushion