Russia Delays Gold Sales

Catherine and News & Commentary, October 29, 2009 at 1:10 pm

By Polina Devitt

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, Sergei Gorny, told Reuters.

He declined to say when the sale may take place.

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