Data from the Central Bank of Russia

Russia's Gold Reserves Exceed $200 Billion, Now 32.9% of Assets

Nov 9, 2024, 10:06 PM

Russia's gold reserves have exceeded $200 billion for the first time, according to data from the Central Bank. The share of gold in Russia's international assets increased to 32.9% by the end of October. Last month, the country increased its investments in gold by 4%, reaching a total of $207.7 billion. This move is seen as a strategic hedge against economic and geopolitical risks amid global currency volatility.