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China reveals gold reserves after 6 years
China has ended six years of concealing its gold reserves, announcing a 57% rise in its hoard which puts it in the top five with the largest stash of the precious metal.
According to the People’s Bank of China, bullion assets totaled 3.31 million troy ounces or about 1,658 metric tons at the end of the June.
The US has the biggest reserves put by the World Gold Council at 8,133.5 tons followed by...