NewsSignals AI analysis·Seeking Alpha·Oct 21, 2026

Russian gold reserves fall to lowest since 2019 after drawdown for 10 straight months

Grade Bbearish AI signal$XAU$XAG

Russia’s central bank has cut its gold reserves for 10 consecutive months, bringing sovereign holdings to their lowest level since the end of 2019 as the government faces a widening budget deficit. The Bank of Russia sold 6.2 metric tons in September, leaving 2,264 tons, while its remaining gold reserves were valued at approximately $301 billion versus $333.5 billion a month earlier. Continued Russian gold liquidations could add selling pressure to the market, although weaker U.S. Treasury yields may support gold prices in the near term.

Bullish strength: 45/100

Weaker U.S. Treasury yields supported gold futures on Wednesday.
Russia's sustained reserve drawdown could be interpreted as a source of gold supply pressure already affecting the market.

Bearish strength: 55/100

Russia has liquidated 62 tons of gold since December 2025.
Russian sovereign gold holdings fell to their lowest level since the end of 2019.
Gold reserve valuations declined from approximately $333.5 billion to $301 billion over the reported month.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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