- Russian Central Bank Adds 900,000 Ounces of Gold To Reserves in November
Russia’s annual gold additions to reserves through November of over 214 tons is a record. Russian Gold Reserves Climb to 1828 tons, sixth behind the People’s Bank of China.
Since June 2015, the Central Bank of Russia has added over 548 tons of gold to reserves. November’s 27.99 ton gold addition brings Russia’s Central Bank holdings to 1828.88 tons; the sixth most of any nation, close behind the People’s Bank of China.
Overall Russian reserves rose from $424.857 billion in October to $431.636 in November. Russian holdings of U.S. Treasuries top $100 billion for seventh month in a row. Gold reserves worth $76.1 billion constitute 17.6% of overall Russian reserves.