Russia’s gold reserves fall below $300 billion in June after sixth straight monthly decline
Reported by KITCO: “Russia’s gold reserves fall below $300 billion in June after sixth straight monthly decline”. Gold settled at $4,082 an ounce on July 8, 2026 — $131.25 per gram, -1.80% on the day. The headline carries a figure: $300 billion — quoted as published, not independently verified. The story touches Russia: we track local prices and customs flows for those.
Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase. Thirty sessions later gold traded at $4,545 an ounce, +11.34% versus the date of the report. That is an observation about the market, not a consequence of one headline.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
- official confirmation of $300 billion
- reserve and import data: Russia
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.