China wants to secure its geopolitical strength by convincing the world to grant the yuan reserve currency status. The country has been manoeuvring quietly, integrating itself into global finance and buying up gold to hold as reserves. http://www.profitconfidential.com/gold/currency-war-between-china-and-south-korea-could-send-gold-soaring/

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.
More