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🇷🇺 Russia begins gold sales
The Central Bank of Russia has sold reserve gold in January as prices are hovering near historic highs.
🔸 Gold holdings decreased by 300,000 ounces
🔸 Total reserves now at 74.5 million ounces
🔸 This is the first decline since October
Although the sales are very small compared to total reserves, there is no more reasonable explanation than "taking profits" when prices are at record highs.