Reuters/Staff/3-25-2022
“The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gramme between March 28 and June 30, the bank said on Friday.”
USAGOLD note: Difficult to determine just what Russia has in mind with respect to its gold as it struggles under sanctions. It does buy the gold from its miners at a discount to market with roubles and it can sell it surreptitiously for dollars even with sanctions in place. China, for example, might be a willing buyer.
