To develop domestic market, Russia's central bank keeps peak discount on gold purchases

Section:

By Elena Fabrichnaya and Polina Devitt
Reuters
Friday, February 14, 2020

MOSCOW -- Russia's central bank has maintained the discount at which it buys gold for its reserves at December's peak level, it told Reuters today, potentially prompting more local producers and bankers to export the metal.

The central bank remains the largest buyer of gold produced in Russia, but since May it has been buying at a discount to the previously used London benchmark to help develop the domestic market and stimulate exports. ...

... For the remainder of the report:

https://www.reuters.com/article/russia-cenbank-gold/update-2-russian-cen...



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