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Euronews
Euronews
Jan Bolanowski

Gold market and central banks: Russia, Kazakhstan sell as Poland, China buy

Gold Russia Monetary Policy Kazakhstan Poland China

Russia has been selling off gold throughout this year. September brought a further reduction in its reserves of the precious metal of around 6.2 tonnes, bringing the total reduction since January to about 62 tonnes.

Only once in its modern history has Russia disposed of gold at a similarly rapid pace, when in 1998 it sold 118 tonnes from its reserves in just three months.

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