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Berita dagangan
21 Apr 2015
Russia’s appetite for buying gold returns in March
FXStreet (Mumbai) - As per Bloomberg reports, Russia, the fifth-biggest holder of the metal, returned to buying gold after taking a break in January and February.
The nation increased foreign reserves of bullion to 39.8 million ounces, or about 1,238 metric tons, as of April 1, compared with 38.8 million ounces a month earlier, the central bank said on Monday. The 30-ton purchase was the most since September.
The country, which bought gold through the last nine months of 2014, made the purchases to diversify foreign reserves and solve issues related to ruble liquidity, central bank Governor Elvira Nabiullina said in February.
Russia more than tripled its gold hoard since 2005 and holds the most since at least 1993, International Monetary Fund data show. It increased bullion reserves even as international sanctions over the Ukrainian conflict and a plunge in oil prices led to a collapse in the ruble.
The nation increased foreign reserves of bullion to 39.8 million ounces, or about 1,238 metric tons, as of April 1, compared with 38.8 million ounces a month earlier, the central bank said on Monday. The 30-ton purchase was the most since September.
The country, which bought gold through the last nine months of 2014, made the purchases to diversify foreign reserves and solve issues related to ruble liquidity, central bank Governor Elvira Nabiullina said in February.
Russia more than tripled its gold hoard since 2005 and holds the most since at least 1993, International Monetary Fund data show. It increased bullion reserves even as international sanctions over the Ukrainian conflict and a plunge in oil prices led to a collapse in the ruble.