Russia added more gold reserves in July than any other month this year as it continues to buy up the metal in the face of U.S. sanctions.
The Russian central bank added 26.1 tons last month, bringing its holdings to 2,170 tons, according to International Monetary Fund data compiled by Bloomberg. The stockpile was valued at $77.4 billion at the end of the month, according to the central bank’s website. The last time Russia bought more gold in a single month was in November.
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