Russia Sold 300,000 Ounces of Gold as Prices Hit Record
A worker loads gold ingots onto a trolley ready for distribution in Krasnoyarsk, Russia.
Source: Bloomberg
Russia’s central bank sold gold from its reserves in January, taking advantage of prices that had climbed to record highs.
The country’s bullion holdings fell by 300,000 ounces to 74.5 million ounces, according to data published Friday by the Bank of Russia. The sale marked the first decrease in gold reserves since October.