Gold Rush by Russia Makes Up for Billions Lost in Currency Rout

  • Reserves rebound after central bank buys gold for 13 months
  • Bank of Russia suspended foreign-currency purchases last July

Will Federal Reserve, Oil Dampen Gold Market Gains?

Here’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago.

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