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Gold Market Faces Shift Amid Russia's Central Bank Sales

12/2/2025

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Summary

Story summary

The debate over gold market shifts follows reported gold sales by Russia's central bank.
Li Bei, a prominent Chinese hedge fund manager, says "the best days for gold are over" and cites signs of central-bank selling.
She notes Russia's gold reserves exceed China's and says she has sold some of her holdings.
Experts caution that Russia's actions are fiscally motivated and do not indicate a wider market retreat.

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Story summary

The debate over gold market shifts follows reported gold sales by Russia's central bank.
Li Bei, a prominent Chinese hedge fund manager, says "the best days for gold are over" and cites signs of central-bank selling.
She notes Russia's gold reserves exceed China's and says she has sold some of her holdings.
Experts caution that Russia's actions are fiscally motivated and do not indicate a wider market retreat.