Russia increased its gold reserves above 1,000 metric tons in July for the first time in at least two decades

Gavin Wendt

Russia increased its gold reserves above 1,000 metric tons in July for the first time in at least two decades. It joined Kazakhstan in raising holdings for a 10th month. Russia's holdings, the seventh-largest in the wold, gained by 6.3 tons to 1,002.8 tons, the most since at least 1993, according to International Monetary Fund data.


About this contributor

Gavin Wendt

Gavin Wendt

Founding Director, MineLife

I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...

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