Russian assets gained 12.7 metric tons to 1,015.5 tons, International Monetary Fund data showed today. Kazakhstan’s reserves rose 2.5 tons to 134.5 tons and Turkeyadded 23.4 tons to 487.4 tons, the data showed.
Gold advanced 5.3 percent in August, the second straight monthly gain and longest rally since September last year, as lower prices boosted demand amid mounting concern about military action against Syria. Investors sold 16.8 tons from gold-backed exchange-traded products in August, the smallest outflow this year, according to data compiled by Bloomberg.
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