View full page at metalsmine.com

 

Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits

From kitco.com

The gold reserves of Russia's central bank declined for the fourth consecutive month in April, recording the sharpest drop in a quarter century. As of May 1, the Central Bank of Russia (CBR) held 73.9 million ounces of gold bullion in its international reserves. In just one month, their gold reserves decreased by 200,000 ounces, bringing the total decline since the start of 2026 to 900,000 ounces. Consequently, the CBR’s total gold reserve fell to its lowest level since March 2022. In metric terms, the central bank lost 27.9 tonnes of gold between January and April, representing the most significant drop in their ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis