Russia is boosting its gold reserves as prices plunge - from TRUNEWS

Russia has been building its gold reserves as part of a continuing effort to reallocate its reserve portfolio.

But by growing its gold stockpile, Russia may be exposing itself to the risk of holding an asset whose value has been steadily heading south.

“Russia has been aiming to diversify its forex reserves for some time, but that process was accelerated by sanctions against the country last year,” said Martina Bozadzhieva, head of research for Europe, Middle East and Africa at Frontier Strategy Group.

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