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Russia Adds to World’s Fifth-Biggest Gold Reserves for 9th Month

Russia is showing no signs of slowing gold purchases as the fifth-biggest holder boosted reserves for a ninth month.

The country’s gold reserves rose to about 38.8 million ounces as of Jan. 1 from 38.2 million ounces a month earlier, the central bank said today on its website. It’s the longest stretch of monthly increases since August 2013, data from the International Monetary Fund show.