Russia Adds One Million Ounces of Gold To Reserves in November

The Central Bank of the Russian Federation added 1,000,000 ounces (31.10 tons) of gold to its reserves in November.

November’s addition was the second month in a row Russia added over a million ounces of gold to reserves.

From January 2016 through November 2016, Russia has added over 196 tons of gold to reserves.

November’s gold addition brings Russia’s gold holdings to over 1614.267 tons; the sixth most of any nation.

Russian Central Bank has added 70% more gold to reserves than the People’s Bank of China over the past 12 months.

(via smaulgd)