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Discount price of the Bank of Russia for the gold crossed the psychological frontier in 1000 EUR / g
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Discount Bank of Russia, the price of gold reached a 31 January historic high 1,045.8 rubles per gram by the continuing devaluation of the currency and rising gold prices in overseas trading floors.
Gold in London has now reached the mark of 919.5 dollars per ounce / 1047 EUR per gram / ruble fell against the dollar to 35.4 rubles.
Chief Economist UnicreditAton Vladimir Osakovsky finds that the ruble is close to its fair value and rely on the strong decline is not worth it. The bank expects the average price of gold in 2009 amount to U.S. $890 per ounce and is not projected to increase substantially quotations precious metals in the near future.
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