Bank of Russia gold reserves reach 2020 lows
The Bank of Russia has seen its gold reserves fall to the lowest point since February 2020. The reduction has continued throughout the current year.
Topic cluster
declining
2 sources grouped by AFBytes in Monetary System
AFBytes briefing
Changes in gold reserves can signal shifts in global commodity demand that indirectly affect US investor portfolios.
Key entities
- Bank
- Russia
What to watch next
- Track monthly central bank gold purchase and sales reports from major institutions.
- Monitor the next Bank of Russia reserve report for confirmation of further sales or stabilization.
Russia Gold Reserves Drop to Lowest Level Since 2020
Russia's gold reserves have fallen to their lowest level since 2020. Continued sales by the central bank account for the decline despite rising holdings in many other countries.