Make Kitco Your Homepage

Russian central bank to resume gold purchases on domestic market from Monday

Kitco News

MOSCOW, Feb 27 (Reuters) - Russia's central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability during Western sanctions against Moscow for its invasion of Ukraine.

Earlier, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert as Ukrainian fighters defending the city of Kharkiv said they had repelled an attack by invading Russian troops.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.