trending Market Intelligence /marketintelligence/en/news-insights/trending/pq6SloryM1jCbF-HN-Y64Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Russia mulls National Wealth Fund investment in gold

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Russia mulls National Wealth Fund investment in gold

Russia's Finance Minister Anton Siluanov said there is an ongoing discussion on whether the country's National Wealth Fund should be invested in gold, Reuters reported Dec. 25.

The National Wealth Fund, valued at US$124 billion as of Dec. 1, generates revenues from oil exports and was initially intended for the country's pension program.

Siluanov clarified that the Finance Ministry is not proposing that the fund has to be invested in gold, but based on his perspective, the precious metal might as well be present as the country invests its reserve money.

Russia's central bank has been the main buyer of the country's gold in recent years, partly due to the sanctions imposed on Moscow in 2014 as the central bank was reducing U.S. dollar assets share in its reserves.

Siluanov noted that the discussion has gained many supporters and opponents.