Ukraine Cuts Gold Reserve to Nine-Year Low as Russia Buys
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Ukraine reduced gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an eighth month to take its holdings to the highest in at least two decades, according to the International Monetary Fund.
Ukraine’s holdings fell to 23.6 metric tons in November from 26.1 tons in October, data on the IMF’s website showed. Reserves in Russia climbed to about 1,187.5 tons in November from 1,168.7 tons a month earlier, according to the data.