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Index/Topics/Global Gold Price Rally 2022-2026

Global Gold Price Rally 2022-2026

The dramatic global rally in gold prices and its effect on Russia’s remaining bullion holdings.

Fact-Checks

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Jan 25, 2026
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Russia sold more than 70% of its gold federal reserves because of the war with Ukraine

Official tallies and multiple media and intelligence reports show large, sustained sales of gold from (NWF) since 2022, with some outlets and analysts reporting reductions in the NWF’s gold holding in...

Jan 28, 2026

How much gold does Russia’s National Wealth Fund currently hold and how is it reported?

National Wealth Fund (NWF) has seen its gold holdings fall sharply since 2022 and, by late 2025, is reported by multiple outlets to hold roughly of unallocated gold — a figure carried in state media a...