Russia, China add more gold reserves; Venezuela sells more

Moscow-Russia (May 25)  China and Russia, two of the largest holders of bullion, and Kazakhstan bolstered their gold reserves last month, while Venezuela sold off more of its bullion earlier this year, data from the International Monetary Fund showed on Tuesday. Extending a prolonged buying spree, Russia added 16.2 t to its reserves, China increased its holdings by 10.9 t and Kazakhstan raised its tonnage by 3.2 t. Turkey added 2.6 t.

Source: MiningWeekly