(AFX UK Focus) 2010-02-24 02:22 China unlikely to buy IMF gold – China Daily (Interactive Investor)
BEIJING, Feb 24 (Reuters) – China is unlikely to buy 191.3 tonnes of gold being offered for sale by the International Monetary Fund, the China Daily reported on Wednesday, citing an unnamed official from the China Gold Association. “It is not feasible for China to buy the IMF bullion, as any purchase or even intent to do so would trigger market speculation and volatility,” the official was …
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