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Russia upping safe haven purposes

Spasibo (thank you), Vladimir Vladimirovich and Elvira Sakhipzadovna. Russian gold producers are selling major amounts of the precious metal to Russia’s central bank, with Vladimir Putin’s government continuing a major buying programme in the face of sanctions and weak oil prices.

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You brought the gold, right?: Putin's central bank appointee has pushed a massive gold buying programme

World Gold Council data, as interpreted by Bloomberg, found the Bank of Russia had added around 7.5 million ounces of gold in the year to June 30.