The Russian central bank has been buying more gold this year. This could be taken as some form of support for the price of gold, could be taken as simply the bank deciding that the price has plateaued and thus the yellow metal is a good investment. That's certainly how some people are taking it. But it's more likely that it's to do with a small financial detail, a little wriggle in Russian public policy about precious metals sales.
Forbes: Russia’s central bank buying gold isn’t quite what you think it is
Russian Prime Minister Vladimir Putin (C) holds a gold bar while visiting the Central Depository of the Bank of Russia next to Georgy Luntovsky (L), first deputy chief of the Central Bank of Russia, on Jan. 24, 2011 in Moscow.
