You are here

Russia's 10-year gold itch sends its hoard to Putin-era peak

Its holdings have more than quadrupled since 2007 to 1,557 tonnes in June

BT_20171004_GOLD4_3114602.jpg
"Gold is an asset that is independent of any government and, in effect, given what is usually held in reserves, any Western government. This might appeal given Russia has faced financial sanctions." - Matthew Turner, metals analyst at Macquarie Group in London

Moscow

VLADIMIR Putin is doing his part to keep the upswing in gold alive.

Since the Russian president went on a geopolitical offensive in Ukraine in 2014, the haven asset had its first annual gain in four years in 2016 and is on track for another in 2017. A beneficiary of economic...

sentifi.com

Market voices on: