Russian Gold Reserves Fall to Lowest Since 2019 After 10 Straight Months of Drawdown
FROM THE WIRE · SEEKINGALPHA.COM
[stack of shiny gold bars 3d illustration] monsitj/iStock via Getty Images The Bank of Russia sold 200K troy oz of gold in September, equivalent to 6.2 metric tons, which lowered the country's sovereign gold holdings to 72.8M troy oz, or 2,264 tons, the lowest level since the…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralBank of Russia gold sales signal fiscal pressure and may weigh on the gold market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Bank of Russia sold 200,000 troy ounces of gold in September, equal to 6.2 metric tons.
- 02Sovereign gold holdings fell to 2,264 tons, the lowest level since the end of 2019.
- 03The reserves are worth about $301 billion, compared with $333.5 billion a month earlier.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets