The Bank of Russia reported selling 200,000 troy ounces (6.2 tonnes) of gold in September, cutting its sovereign holdings to 72.8 million troy ounces (2,264 tonnes), their lowest since the end of 2019. It was the tenth consecutive monthly reduction, and the country has sold about 62 tonnes since December 2025, its largest sustained drawdown since the 1998 financial crisis. The sales come as the federal budget deficit balloons, with military and security spending projected at 38% of federal spending in 2026. The value of remaining gold reserves fell to about $301.6 billion at end-September from $333.5 billion a month earlier. Russia is the world's second-largest gold producer, with annual output above 300 tonnes.
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PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
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| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
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