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Ukraine Gold Reserves Contract as Russia Buys More Bullion

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Ukraine’s gold reserves contracted to the smallest in six years as Russia bought bullion, taking its holdings to the biggest in at least two decades.

Ukraine reduced bullion reserves by about 35 percent to 26.1 metric tons last month, data on the International Monetary Fund’s website showed. Russia raised holdings by 1.6 percent to 1,168.7 tons by the end of October.