$RUGRES 'August/2023 Accumulation'
Updated
RUGRES The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year.
“IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,” according to Krishan Gopaul, Senior Analyst at the World Gold Council.
Analysts reacted positively to the data, but some raised questions regarding Russia's gold production and where the precious metal is going.
Note
Note
Note
Q2/2023 was a negative one for 
GOLDQ3/23' has printed another Lower Low (1.893 $) on Market Structure
3Days 7Hr for 3M* (Q3 Quarterly Candle close)
Will Q4/23 result in to lower prices for
GOLD ?Or will its Demand push the price Higher ?
Would be positive for
GOLD to hold the Low of 1.893$ if tested on Q4Note
Xi Jinping and Vladimir Putin pose for a family photo at the Belt and Road forum, taking place in Beijing. It is the first trip abroad for the Russian leader — aside from visiting former Soviet states — since the International Criminal Court issued an arrest warrant against him in March for alleged war crimes in Ukraine.
Representatives from more than 140 countries and 30 global organizations are attending this year’s forum, a key part of China’s efforts to build global links and influence.
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RUGRESGold Reserves in Russia remained unchanged at 2332.74 Tonnes in the fourth quarter of 2023 from 2332.74 Tonnes in the third quarter of 2023.
Gold Reserves in Russia averaged 1109.22 Tonnes from 2000 until 2023, reaching an all time high of 2332.74 Tonnes in the fourth quarter of 2022 and a record low of 343.41 Tonnes in the second quarter of 2000.
source: World Gold Council
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