Central banker says no plans to resume gold purchases from market

MOSCOW, Apr 28 (PRIME) -- Russia’s central bank is not considering resuming gold purchases from the internal market, First Deputy Chairwoman Ksenia Yudayeva said on Wednesday at a forum.

When asked about a possibility of the regulator relaunching gold purchases, she said, “This is a decision that we will not disclose prematurely. I have to say that we are not considering it. We will inform the market if any decisions are made. … the need to buy gold may emerge, but we don’t see it now.”

The central bank stopped buying gold on the internal market of precious metals on April 1, 2020.

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