The Russian central bank continues its quest to diversify away from the U.S. dollar, adding another million ounces to its gold holdings in February. According to its foreign reserve data updated earlier this week, the central bank’s gold reserves rose by 31.1 tonnes to 2,149 tonnes last month. However, the move is not a significant surprise to some analysts who expect that global central bank gold demand will remain a supportive theme for the gold market. “Russia’s demand for gold is part of the whole de-dollarization story that continues to get stronger and stronger,” said Ronald-Peter Stoeferle, fund manager at ... (full story)