Russia's January-February gold output at 39,71 tonnes
Gold production increased by 9,4%
/NOVOSTIVL/ Russia produced 39,71 tonnes of gold in January and February 2020 year, up from the 36,30 tonnes it produced in the same period in 2019, the finance ministry said on Tuesday.
Including production mining of gold rose 12%, to 31,75 tons, associated by 10%, to 2,85 tons. The production of recycled gold fell by 4%, to 5,11 tons.
Silver production in Russia in January-February grew by 1% to 142,3 tons during that same period, higher than the 140,84 tonnes it had in January and February last year.
Including the mining production of silver increased by 5% to 66,02 tons, associated by 11%, to 53,82 tons. The production of recycled silver dropped 24%, to 22,461 tons.
Gold prices eased on Wednesday on hopes of a potential COVID-19 drug and a stronger U.S. dollar, but the fall was limited due to worries about surging cases of the novel coronavirus in Beijing.
Spot gold was down 0.2% at $1,723 per ounce by 0302 GMT, holding a tight $6 narrow range. U.S. gold futures fell 0,3% to $1,731.
"The attention remains elsewhere, mostly equity markets. However, COVID-19 nerves as Beijing shutdowns extend should offer support on any dips," said Jeffrey Halley, senior market analyst at OANDA.
Beijing officials reported several new COVID-19 cases for the sixth consecutive day, while new infections hit record highs in six U.S. states on Tuesday.
However, the dollar rose 0,1% against its rivals,making gold expensive for holders of other currencies.