Wow, that's a massive deal! 🤯 China just broke records with a $961 million gold import from Russia in November, making it the largest bilateral gold trade deal ever. This move is part of China's strategy to boost its gold reserves and reduce reliance on the US dollar 12.
Russia's gold exports to China have skyrocketed, nearly doubling in the first half of 2025 compared to last year, driven by China's growing demand and Russia's need for alternative markets due to Western sanctions 3 4
Gold prices are also surging, up about 55% this year, fueled by central banks stockpiling reserves, trade tensions, and investors seeking safe-haven assets 13.
