Global Central Banks Are Buying Gold. Russia Is Selling More Than Anyone
7 Articles
7 Articles
18.66 tons of gold were sold in the third quarter of 2026
The sale of gold by the Russian Central Bank, launched in 2026 to cover the Kremlin's military budget's record deficit, turned it into the world's main central bank in reducing reserves...
Global Central Banks Are Buying Gold. Russia Is Selling More Than Anyone
Russia’s central bank sold more gold than any other central bank in the world for a second consecutive quarter as Moscow drew down reserves to help cover a record wartime budget deficit, The Moscow Times reported on November 4.
In September, the world's central banks purchased 61 tons of gold, which was the highest net purchase in one month this year, reported to the World Gold Council (WGC). "In September, central banks continued to build up gold reserves, reporting a net purchase of 61 tons, which was the highest monthly figure for 2026 to date," is the organization's RIA News. The largest buyer of the month was the Polish Central Bank, which increased reserves by 25…
Russia for the second quarter in a row became the largest seller of gold among the central banks of the world. In the third quarter of 2026, its gold reserves shrank by 18.66 tons amid a growing budget deficit and war spending.
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