26 March 2021
After recording a small fall in gold reserves in January, Russia has announced no change for February. It holds world's fifth largest reported national gold reserve. We still think it may expand this given the improvement in the oil price.
19 March 2021
Last year the volume of central bank gold purchases diminished sharply but the WGC still sees net purchases in 2021 with some countries, including Poland indicating plans to add to reserves . We suspect Russia could resume gold buying too.
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