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Bloomberg: Why Is Moscow Buying Gold?

LONDON, 29 March 2019 – Comment from BullionVault features today in a story from global news and data provider Bloomberg on Russia's ongoing central-bank gold buying.

Moscow has "quadrupled" its national gold reserves over the last 10 years, says Bloomberg, with 2018 marking a new peak.

"[But] if it wasn't for Russia's central bank, last year would have been the worst year for gold buying [demand worldwide] in a decade," the news-wire quotes Adrian Ash, director of research at BullionVault.

You can read Adrian's full comment in the article at Bloomberg here:

Russia Is Dumping U.S. Dollars to Hoard Gold

Source: 
Bloomberg

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