Sunday, June 27, 2010

As Gold Hits Record, Central Banks in Focus

Russia's central bank, one of the world's largest holders of foreign-currency reserves, trimmed its currency reserves by $6.6 billion in May, according to data on the bank's Web site, but increased its gold reserves by $1.8 billion. Last week, an Iranian news agency said the country had begun switching €45 billion of its foreign-currency reserves into on

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