mo4ch:>Russia's gold reserves up 7%, inflation goal on target, unemployment down – Putin | Mo4ch News

Inflation in Russia will exceed the target level of four percent, unemployment is down, and gold reserves are up significantly, said President Vladimir Putin during his 14th annual state-of-the-nation address.President Putin is holding his annual press conference, attended by Russian and foreign media in Moscow. The event is Putin’s 14th conference, and will follow a question and answer format. During the traditional address, the president reports on the nation's economic progress and answers questions from journalists and citizens.Russia’s gold and foreign currency reserves have seen an increase of nearly 7 percent over the recent year and are set to reach $464 billion, Putin said on Thursday.Earlier this month, the Russian Central Bank reported the country’s foreign exchange reserves demonstrated a week-on-week growth of $2.5 billion, having reached $461.8 billion compared to $459.3 billion at the end of November. The growth of 0.5 percent was reportedly triggered by positive ma…