Russia Drains 27.9 Tonnes of Gold in Four Months to Cover Record War Deficit

The Bank of Russia has sold 27.9 tonnes of gold since January — the fastest drawdown in more than two decades — as the Kremlin reaches deeper into one of its last freely accessible reserves to cover a war budget that has outpaced every other line item in the federal accounts. Holdings fell 900,000 ounces […] The post Russia Drains 27.9 Tonnes of Gold in Four Months to Cover Record War Deficit appeared first on the deep dive.