Russia's Central Bank Plans To Continue Buying Gold - Reuters

Russia's Central Bank Plans To Continue Buying Gold - Reuters

DOW JONES NEWSWIRES

Russia's gold and foreign exchange reserves were at about $385 billion Feb. 15, compared with $383.5 billion Feb. 6, Reuters reported, citing an interview Monday with Alexei Ulyukayev, first deputy chairman of the Bank of Russia.

"Gold's share (in reserves) has increased. We are aiming to continue this tendency this year; we are buying gold," he said, the news agency reported on its Web site.

Gold's share in Russia's reserves rose about $1 billion in January to $15.5 billion, Reuters said, citing central bank data.

Full story: http://af.reuters.com/article/metalsNews/idAFLG12428520090216

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February 16, 2009 23:45 ET (04:45 GMT)

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