Russia and Kazakhstan are selling part of their central-bank gold reserves, while Poland continues to buy more. Russia's gold reserves fell by about 6.2 tonnes in September, bringing the total reduction since January to about 62 tonnes; only once before, in 1998, did it sell at a similar pace, disposing of 118 tonnes over three months. Expert Adam Stroniawski attributes this to a budget shortfall from the war in Ukraine, and notes that around 100 tonnes of Russian gold reached Hong Kong from January to July, nearly three times the same period last year. Kazakhstan plans to cut gold's share of its total reserves from around 78% to 75% by year-end, possibly to plug a budget deficit or for profit-taking. The expert sees these transactions as unlikely to significantly affect the global gold market, and says Poland is unlikely to sell reserves during the current parliamentary term.
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XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
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| Market | Crypto |
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| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/24/2026 | 4,004.01 |
| Change that session | +0.01% |
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▲ Likely positiveTether Gold
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| Market | Crypto |
|---|---|
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| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/24/2026 | 3,994.05 |
| Change that session | 0.00% |
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