Russia’s gold reserves drop to $298.99b in June

Russia’s central bank reported that the country’s gold reserves fell to $298.99 billion in June, down from the prior month, while total official reserve assets also declined sharply to $720.4 billion from $747.4 billion in May. Foreign currency reserves were broadly flat at $392.4 billion versus $392.3 billion in May. The article is primarily macro/commodity-related and suggests a modestly bearish tone for gold reserve accumulation in Russia, though it does not indicate a direct market price reaction. The data may be relevant for broader gold demand and reserve-management trends, but the piece is informational rather than a trading catalyst.