MetalsDaily.com - GOLD

Probably the largest and fastest source of precious metals news, research and prices -

[The Kobeissi Letter @KobeissiLetter]

Russia is selling its gold reserves at a rapid pace:

The Bank of Russia's gold holdings dropped -900,000 ounces in the first 4 months of 2026, to 73.9 million ounces, the lowest since February 2022.

Gold prices averaged ~$4,800 per ounce over the same period.

Therefore, if Russia sold gold at the market price, the sales are estimated to have generated ~$4.3 billion in proceeds.

Russia's central bank began reducing its gold reserves last year after the Finance Ministry liquidated gold and foreign currency assets from the National Wellbeing Fund to offset budget deficits driven by declining energy revenues.

Before the pandemic, the Bank of Russia used to be one of the world’s largest official gold buyers, taking in nearly all domestically mined output until it halted purchases in early 2020.

Russia is increasingly selling gold to raise cash.

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METALS DAILY : Thank you to all who joined us last night ... as requested ... my speech here : https://t.co/6Pn6K4sWRe

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ROSS NORMAN : India panics - burns the golden lifeboat. Article here : https://t.co/H02XNHyYTo

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MORGAN STANLEY : Is Gold Still a Safe Haven?https://t.co/NxGxZPE32t

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DEUTSCHE BANK RESEARCH : The return of history: gold, the dollar, and the monetary future https://t.co/zCI1VY4YH4

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War, Volatility, and Gold’s Shifting Role in a Fragile Global Order https://t.co/iIttrNldFa via @GJEPCIndia

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Gold Trading Desks Hauled In Record $3.9 Billion in 2025 https://t.co/YYSV7Enz1v via @Startup Fortune

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DEBORAH GOTTLIEB Joins Metals Daily ... https://t.co/V8FxBrSt24

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ICBS : The Geopolitics of Gold: A New Arena for U.S.–China Financial Coexistence - Matteo Giovannini - CHINA US Focus https://t.co/3CMfxnhZ6o

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Gold’s Role in Investment Portfolios https://t.co/4etuDKZoVL

[Thenationthailand @Thenationth]

Hua Seng Heng has temporarily halted online trading and gold bar sales due to extreme price volatility linked to Israel-Iran tensions and a lack of reference prices over the weekend. MTS Gold has also paused in-branch gold bar sales. #gold

https://t.co/6Gmp54nGIM

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Are Governments Returning to Gold? https://t.co/yRgQEZKXLr

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Gold Bounces But Upward Momentum Fades https://t.co/RwABZosdIP

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ROSS NORMAN : Precious Metals take the stairs up, but the escalator down https://t.co/zPFO5RrKJw

[Mike Caldera @mike_caldera]

#Silver Massive Short - Bian Ximing, who maintains a low profile and resides primarily in Gibraltar, has accumulated nearly $3 billion from bullish positions on Shanghai Futures Exchange gold contracts since early 2022, according to Bloomberg. He has now established the exchange’s largest net short position in silver.

Bian’s silver short position represents approximately 450 tons, or 30,000 contracts. The metal’s sharp decline since last week has generated a paper gain of about 2 billion yuan ($288 million). From "Billionaire Chinese trader bets on silver collapse with $300 million wager"

https://t.co/ZuVed1g0AG

[Mohamed A. El-Erian @elerianm]

Bitcoin vs. Gold
Following recent market shifts, Gold is now outperforming Bitcoin over a five-year horizon (please see chart below from John Authers).
This outperformance is playing out this year...and also today, as gold bounces while Bitcoin continues to languish (CNBC charts).
#markets #gold #bitcoin @johnauthers @CNBC

[Share Prophets @ShareProphets]

Gold To Bounce to $4960 and still see $6400 this year https://t.co/yaWFL4TVCG

[Chris Reason Art @art_reason]

@martypartymusic Wow

[Bai, Xiaojun @oriental_ghost]

SHFE has just released multiple documents imposing restrictions on opening positions and adjusting limit up and limit down ranges for futures trading of silver, copper, aluminum, and other commodities. Effective immediately.

[MetalsDaily.com - GOLD @MetalsDaily]

Gold has more room to run as geopolitics, cenbank buying fuel gains, analysts say https://t.co/4SPkq0l26P