(AFX UK Focus) 2010-03-09 02:22 China will be prudent in buying gold -official (Interactive Investor)
BEIJING, March 9 (Reuters) – The long-term investment yield on gold is not high and China will be prudent in buying it as a component of official reserves, a senior official said on Tuesday. Yi Gang, head of the State Administration of Foreign Exchange, also said that China would face serious constraints if it wanted to increase its gold holdings, because the global gold market is limited and …
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