Russia in the first quarter of 2019, along with China, was the world leader in volumes of purchases of gold. On Thursday, may 2,reported Bloomberg citing a report by the world gold Council (WGC).
“We continue to see high demand from Central banks,” said Alistair Hewitt, head of market analysis at the WGC.
As previously advised the Bank of Russia, on April 1, the volume of foreign exchange resources of the Russian Federation amounted to about 487,8 billion (436,4 billion euros). This is the highest figure in 2014.
Russia remains the largest buyer of the precious metal, as Moscow reduces its investment in Treasury obligations of the U.S. Treasury “as part of the process of de-dollarization”, according to Bloomberg.
Regular purchasers of gold also remain Kazakhstan and Turkey. In addition, for the first time in 2014 joined by Ecuador. Their market activity also showed Qatar and Colombia.
In early February, the United States warned Russia against attempts to take out the gold reserves of the crisis-ridden Venezuela.
© 2019, paradox. All rights reserved.
Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…
Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…
Israel is willing to pause its military offensive in Gaza if Hamas releases all the…
The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…
Russia’s Defense Ministry has published a video clip from the front line with Ukraine showing…
Donald Trump is eyeing plans to push the NATO members to ramp up defense spending…