Russia jumps to sixth place in terms of forex holdings – World Gold Council — RT Business News

Russia jumps to sixth place in terms of forex holdings – World Gold Council — RT Business News

Source link The country has overtaken Saudi Arabia with over $442 billion in foreign currency reserves, data shows Russia has risen to sixth place in the world in terms of foreign currency reserves, according to the latest calculations by the World Gold Council. The country had accumulated $442.5 billion in forex holdings as of the […]

Central-bank buying spree driving demand for gold – report — RT Business News

Central-bank buying spree driving demand for gold – report — RT Business News

Source link Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said Total gold demand hit the highest level on record last year of 4,899 tons amid global uncertainty and thanks to continued strong buying by central banks, according to the World Gold Council (WGC). In its Gold Demand […]

Gold and bitcoin spearhead a rebellion against the dollar — RT Business News

Gold and bitcoin spearhead a rebellion against the dollar — RT Business News

Source link Record price surge in precious metals and crypto heralds an economic shift as the Fed concedes Russian Market is a project by a financial blogger, Swiss journalist and political commenter based in Zurich. Follow him on X @runews Gold has achieved a remarkable milestone, hitting a new all-time high above $2,100 on Monday, while Bitcoin […]

European country imports ‘banned’ Russian gold — RT Business News

European country imports ‘banned’ Russian gold — RT Business News

Source link Switzerland imported more than 14 tons of gold from Russia last month for processing, taking advantage of the fact that it was shipped through third countries, and thus did not violate Western sanctions, the latest data from the Swiss Federal Council has revealed. In October, the Alpine country’s gold imports totaled CHF776 million […]

Russia to build gold refinery in West Africa — RT Africa

Russia to build gold refinery in West Africa — RT Africa

Source link Mali and Russia have signed a deal on the construction of a gold refinery in the West African country’s capital, Bamako, Reuters reported on Tuesday, citing Malian Finance Minister Alousseni Sanou. In an interview on state television, Sanou said the non-binding memorandum of understanding envisages the construction of a 200-ton-per-year gold processing plant, […]