Europe in crisis: everyone from Putin to ordinary savers is stockpiling gold
Turmoil across Europe triggers wave of gold buying, as Russia's central bank continues to stockpile precious metal, according to the World Gold Council.
The report showed that demand for gold remained high among central banks, which were net purchasers for an 18th straight month in June.
Russia's central bank continued to lead the way – feeding its "voracious appetite" with net purchases of 36.8 tonnes during the quarter.
This brought its gold reserves to 1,275 tonnes, which now represent 13pc share of Russia's total reserves.
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