"(Reuters) - Russian authorities significantly scaled up rescue funds for mid-sized lender Trust Bank on Friday, saying they would provide up to $2.4 billion in loans to bail out the first commercial banking victim of the country's currency crisis." For more see - http://www.reuters.com/article/2014/12/26/us-russia-crisis-trust-bank-idUSKBN0K40BZ20141226
What does this mean for the price of gold?
Probably not a lot at the moment. But if more Russian banks get into trouble and the Russian central bank runs out of non-gold reserves and has to sell gold to fund bail-outs, then ...
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Russian Trust Bank in trouble
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