The Bank of Russia continues to sell gold reserves. By the end of July, its gold holdings had fallen to their lowest level in more than six years. According to data released by the Bank of Russia on Thursday, as of August 1, the country's gold reserves had decreased by 1.6 million ounces from the beginning of the year to 73.2 million ounces, the lowest level since January 2020. The data shows that in the past seven months, the value of the bank's gold reserves decreased by 33.7 billion US dollars.

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