Monday, July 26, 2010

Russian Gold Production Falls By 3.41%

According to a brief report in the Automated Trader, Russian gold production from January to June of this year fell 3.41% from the same period last year. This small fall occurred despite significantly higher gold prices.


Russia's central bank is still adding gold to its reserves, so net exports from the country must be falling unless demand from the Russian public has fallen by a greater amount than central bank purchases plus the production shortfall.

2 comments:

  1. Bullion Exchanges is a reputable Bullion Shop located in the heart of New York City's Diamond District.

    They have a wide inventory of items including but not limited to, metals that range from the popular gold and silver to the prestigious platinum and palladium.

    Bullion Exchanges are offering a massive selection of products appealing to first time shoppers and the established investors.

    ReplyDelete
  2. eToro is the best forex broker for novice and pro traders.

    ReplyDelete