No plan to sell gold in 2009 – Russia

28 October 2009  Mineweb

Mineweb

The Russian government said on Tuesday it had postponed its plans to sell up to 50 tonnes of gold this year, after information about the sale was leaked to the market, but the gold market failed to react.

"Due to the leak of the information the sale in the reported period and in the reported form will not take place," deputy head of the government agent for precious metals sales, Almazjuvelirexport (Almaz), Sergei Gorny, told Reuters.

He declined to sell when the sale may take place.

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