October 16, 2026CommoditiesMacro·Neutral·russia gold purchases
Russia's finance ministry to 5x gold purchases from October 7th
Russia's Ministry of Finance will quintuple gold purchases beginning October 7th, buying $3.3 billion in gold and foreign currency by November 6th. All oil and gas revenues above the $59/barrel threshold will be directed to the National Wealth Fund to buy gold and foreign currency.
Detected & updated continuously · Source: Nebula
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Russia's Ministry of FinanceGold