Bloomberg announced Russia's unexpected profit from the rise in gold prices

Since the beginning of 2022, the value of the gold reserves of the Central Bank of Russia has increased by more than $216 billion. This was reported by Bloomberg on January 20.

The rise in gold prices has become one of the key factors contributing to strengthening the financial position of the Russian Federation in the face of international sanctions, the authors of the material specify.

According to the Central Bank, the country's international reserves at the end of 2025 amounted to $754.85 billion. Of this amount, $326.54 billion is accounted for by monetary gold.

Gold instead of dollars: why the whole world is buying precious metals

Distrust of the US currency was the reason for the rise of gold and silver

On January 19, Reuters reported an increase in the cost of precious metals amid threats from US President Donald Trump to increase duties on goods from European countries due to disagreements over Greenland. U.S. gold futures for February delivery rose 1.7% to $4,671.90 per ounce. The spot price of silver rose 3.6% to $93.15 per ounce, reaching a record high of $94.08.

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