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RUSSIA JUST PULLED OFF A HISTORIC GOLD TRADE
After accumulating Gold between $1,050 and $1,600/oz from 2014-19, Russia is now selling reserves into record-high prices near $4,800/oz.
The Bank of Russia cut holdings by 900,000 ounces in the first 4months of 2026, generating an estimated $4.3 BILLION as Moscow increasingly taps gold reserves to offset budget pressures from falling energy revenues.