IMF: Russia, Kazakhstan increase gold reserves in March

As Reuters reports, Russia and Kazakhstan continued to boost their gold reserves in March, data from the International Monetary Fund (IMF) showed on Monday.

Key Points:

Russia, one of the largest holders of bullion, raised Gold holdings by 430,000 ounces to 46.95 mln ounces in March

Kazakhstan raised Gold holdings by 86,819 ounces to 7.34 mln ounces in March

Turkey lowered Gold holdings by 2,283 ounces to 15.4 mln ounces in March