I don’t think we can conclude that Russia expects gold prices to fall simply because it sold part of its reserves. Gold has historically been one of the more stable reserve assets, and central banks buy and sell it for many reasons beyond trying to time the market.
The Russia-Ukraine war continues and Russia is heavily sanctioned by the international community. All those factors could impact upon the central bank's reserve management policy. All these things could be done in order to boost liquidity, or to rebalance the reserves or to fund government obligations, but it is not necessarily a sign of gold going down.
It's also important to keep in mind that central banks don't necessarily act based on temporary price perceptions. They tend to act according to general economic policies, monetary policies, reserve policies, and geopolitical factors.
Well, you’re definitely mistaken here, because it’s no coincidence that Putin and all of Russia’s politicians said back in 2022 that "sanctions only benefit us"-and they proved it very effectively! Since then, they’ve fully implemented import substitution, abandoned the unsecured dollar, are actively developing the progressive BRICS alliance-which, by all measures, outperforms the rest of the world’s economy-will soon replace the dollar with the BRICS currency, and have begun producing equivalents to all Western goods and services-ones of higher quality that meet Russian standards, which are far higher than Western ones! Read the reports of the Federation Council !
