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Updated 03:06 19/01/18

March Gold News 2016

31 Mar 2016

The Russian central bank is aggressively adding to their gold hoard and like China edging closer to backing their currencies with gold. In 2015, Russia increased their gold reserves by 208.4 tonnes and in February alone purchased a further 356,000 ...

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30 Mar 2016

The Russian central bank purchased 356,000 ounces of gold in February to become the largest buyer of the yellow metal. Russia’s foreign reserves now stand at $386.9bn.

The Russian central bank have added $19bn to their foreign reserves since the ...

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11 Mar 2016

The European Central Bank surprised the markets yesterday by unleashing a massive stimulus package, in what market is describing as a last ditch attempt to kick start the Eurozone economy.

ECB president, Mario Draghi announced the bank is to cut ...

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10 Mar 2016

The gold price has now fallen for three consecutive day after reaching a three year high of $1,272 per ounce on Tuesday.

Golds decline is a surprise when you consider the European Central Bank (ECB) is expected to announce further ...

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09 Mar 2016

The International Monetary Fund has issued a stark warning that the global economy is heading towards “economic derailment” unless central banks and governments make unpopular decisions to stabilise the economy.

IMF Deputy managing director, Davis Lipton, said action is needed ...

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03 Mar 2016

Russia added a further 688,000 ounces of gold to their official reserves in January making them the largest buyer of the yellow metal according to IMF data.  Russia’s total reserves now stand at 46.2 million ounces.

China purchased 197.1 metric ...

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