In a bid to reduce the influence of the US dollar, China and Russia continue to increase their gold reserves every day.
Seeking to reduce their dependence on the US dollar, Russia and China continue to increase their gold reserves.
According to IMF data, the Russian Federation increased its gold holdings by 3.11 tons to 2,335.93 tons in April, while China increased its reserves by 4.98 tons to 2,262.52 tons in March.
China’s gold reserves had increased by 12.13 tons in February.
Kazakhstan’s gold reserves also increased by 5.92 tons to 316.55 tons in April.
