Despite the falling Gold prices Russia and Kazakhstan prolong purchases

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Source: Bloomberg
Russia and Kazakhstan continued to buy gold in April for more than a half year in a row, despite the biggest drop in metal prices in 30 years. Russian holdings gained 8.4 metric tons to 990 tons as it increased 3.4% this year to date, compared to 8.5% advance last year. Kazakhstan's holdings climbed 2.6 tons reaching 125.5 tons as they jumped 8.9% in year 2013 to date, according to IMF data. 
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