-
The Gold War: Russia Bleeds, China Hoards
Last month, two of the world’s largest holders of gold did the exact opposite thing. First, we saw the People’s Bank of China take delivery of over 7 tonnes of gold bullion. For the record, that was their 18th consecutive month of buying, and Xi’s reserves now sit at 2,313 tonnes. Yet at the same moment, the Bank of Russia became the single largest seller of gold in 2026 — Putin’s golden war chest is bleeding out. I guess sanctions and three years of military spending left him no choice. During the first quarter this year, Russia sold 22 tonnes of the precious metal — its largest drawdown since 2002. Is ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Just in | Trump Announces Soybean Trade Agreement with China TRUMP SAYS CHINA WILL BUY BILLIONS OF DOLLARS IN US SOYBEANS TRUMP SAYS WE HAVE ACHIEVED A TOTAL MILITARY VICTORY AGAINST IRAN TRUMP SAYS IRAN BRIDGES, ELECTRICAL CAPACITY SITES WE CAN HIT Trump: Last thing we need right now is a war.
From visualcapitalist.com | May 15, 2026
But one of the biggest stories in the global gold market is Africa’s growing role. Collectively, African countries now account for nearly one-quarter of the world’s mine production, with Ghana, Mali, and South Africa among the continent’s leading producers. This visualization ranks the world’s largest gold-producing countries in 2024, based on estimated ...
Just in | Trump Expresses Optimism for Improved U.S.-China Relations, Reports CCTV. Two Leaders Hold Talks on Regional Hotspot Issues, Says CCTV
