Russia increased its gold reserves by 2% to 2,360 tonnes in September an absolute record in the country s modern history but still remained in fifth place across the globe for this indicator, an analysis of world central banks data by Sputnik showed on Thursday.
Gold prices rallied 1% on the US metals exchange Comex on Friday to exceed the psychological mark of $2,000 per troy ounce as hostilities continued to heat up in the Middle East.
Is gold merely a relic of the past, or does it still hold a crucial place in modern investment portfolios? As we navigate the complexities of 2023, Sputnik delves into the allure of investing in this precious metal.