The Central Bank of Russia became the world's largest gold seller in…
The Central Bank of Russia became the world's largest gold seller in the second quarter.
Consensus
- Central banks worldwide purchased a record 289 tonnes of gold in the second quarter.
- The volume of purchases in the second quarter was the highest ever recorded for this period.
- Compared to the same period last year, gold purchases by central banks increased by 62%.
- The Central Bank of Russia reduced its gold reserves by 22 tonnes during the second quarter.
- The Central Bank of Turkey reduced its gold reserves by 2 tonnes in the second quarter.
- The Bundesbank (Germany's central bank) reduced its gold reserves by 1 tonne in the second quarter.
- The World Gold Council provided the data used in both reports.
- Demand for gold remains high, with expectations that it will stay above long-term average levels in the coming year.
Points of divergence
- Germany's central bank reduced its reserves by 1 tonne due to coin minting, as explained by WGC. — vesti
- The Bundesbank’s reduction in gold reserves was attributed to coin minting. — kommersant
- Poland's central bank purchased 51 tonnes of gold, and China's central bank purchased 33 tonnes. — vesti
- In addition to Poland (51 t) and China (33 t), the Central Bank of Uzbekistan (16 t), National Bank of Kazakhstan (15 t), and Central Bank of Jordan (6 t) were also notable buyers. — kommersant
Coverage (2 sources)
- ЦБ РФ стал главным продавцом золота в мире — Вести
- Банк России стал крупнейшим продавцом золота в мире во втором квартале — Коммерсантъ