Gold Crash Costs Russia and China $5.4 Billion in Just Three Weeks
The two biggest bullion buyers
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Gold’s meltdown has cost Russia and China about $5.4 billion.
That’s the value of the two countries’ gold reserves that has been wiped out in less than three weeks as prices slump to five-year lows, dragged down by expectations for higher U.S. interest rates and a stronger dollar.