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Russia’s central bank sells unusually large quantities of gold

Russia’s central bank is selling tonnes of gold from its reserves, reportedly at the highest level since 1998.

By DoomRadar · Published on DoomRadar .

Why it matters

Large reserve sales may signal financial pressure and could affect Russia’s liquidity, commodity markets and economic resilience.

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China's central bank bought 650,000 ounces of gold in August, its largest monthly increase in nearly three years, extending purchases for 22 consecutive months. Gold prices are also reported to be rising sharply.

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Dutch central bank shifts 86 tonnes of gold toward London

De Nederlandsche Bank said it restructured about 86 tonnes of gold between March and August to improve crisis readiness and liquidity. The operation combined physical transfers with sales in New York and purchases in London.

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