Russia strives in endeavour to preserve global gold market

The Nation | May 23, 2020 at 4:50 PM
  • Interest in the metal has been growing recently in light of the pandemic as one of the safest and most resilient assets for investors.
  • Vyazovsky stresses that the Russian government has allowed companies to export gold, with the main flows of the precious metal now going to the two main European gold hubs – London and Switzerland – which were experiencing acute shortages of physical gold.
  • Russia has indeed been boosting its gold reserves for some time and started doing so long before the coronavirus pandemic hit the world.