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Russia’s move to ditch dollar in favor of gold minimizes risk of US political blackmail – analyst

Bank of Russia data shows the country’s gold holdings are approaching 2,000 tons, nearly quadrupling over the recent decade and rising to 17 percent of the nation’s total foreign reserves. By opting to purchase precious metals and liquidating holdings of US Treasury securities, Russia has been playing it smart, precious metals market analyst Dimitri Speck said, commenting on the latest ...

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