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Russia's gold reserves fall sharply to lowest since 2022 amid budget needs and sanctions.

Market News
25 May 2026
Kitco
View Source
Bearish
pluang ai news

Russia's central bank gold reserves dropped for the fourth straight month in April, marking the steepest decline in 25 years. The reserves fell by 200,000 ounces in April alone, totaling a 900,000-ounce decrease since early 2026, reaching the lowest level since March 2022. This reduction is driven by the need to cover a large budget deficit and build foreign currency reserves amid weak export earnings and ongoing sanctions related to the Ukraine war. Domestic gold demand in Russia has surged, and the central bank's gold sales are expected to continue as government spending remains high.

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