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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Market Moves more

China’s big gold buy barely kept pace with forex

Posted on 29 April 2009

From Reuters: The big surprise in China’s revelation on Friday that it had secretly added over 450 tonnes of gold to its foreign reserves over the past six years may be the fact that it hasn’t bought far more than that.

Now, many analysts say the rare public disclosure may be a prelude to Beijing accelerating its purchases — possibly from big government agencies or central banks — as it worries about the erosion of its $2 trillion cash pile……Full Article: Source


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