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Chinas central bank lukewarm on gold

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Xinhua quotes vice governor of the People's Bank of China, Yi Gang as saying that the country's gold reserves are at 1,054 tonnes - a number officials haven't altered since 2009. Yi also poured cold water on long-running rumours about a massive purchase - up to 6,000 tonnes according to some estimates - by the country to diversify its foreign exchange reserves which are mostly ...

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