Russia Boosts Gold Reserves by Most in at Least Five Months
- Central bank says nation bought about 30 metric tons in August
- Bullion priced in rubles has surged 60% in past year
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Russia’s appetite for gold accelerated last month, with the country adding the most to its reserves since at least March.
The nation increased holdings to 42.4 million ounces from 41.4 million ounces in July, the central bank said on its website Friday. The amount bought was about the same as the 30.5 metric tons that Russia purchased in March, then the highest amount in six months.