Russia sells 6.2 tonnes of gold in September as bullion reserves fall to lowest level since 2019 - Kitco
Russia sells 6.2 tonnes of gold in September as bullion reserves fall to lowest level since 2019 - Kitco
Source: Kitco
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DW NOTE
Russia liquidated 6.2 tonnes of gold in September — not to strengthen reserves, but because it needed the liquidity more than the metal. Gold reserves are now at their lowest since 2019, before sanctions restructured the entire financing model of the Russian state. When a central bank sells gold into a falling market, it is not rebalancing — it is covering a gap.