Forex.fo → Today Market News → Search

Keywords: People search: Just, year end, research, Jobless Rate , ISM, PGNi Found 1 results

China adviser says Beijing should buy more gold 09 Mar. 2011 BEIJING, March 9 - China should use some of its $2.85 trillion foreign exchange reserves to buy more gold, a government adviser was quoted as saying by local media reports on Wednesday. Li Yining, a senior economist at Peking University and member of the Chinese People's Political Consultative Committee, an advisory body to the national parliament, said that China should use the precious metal to hedge against risks of foreign currency devaluations. 'China should increase its gold reserves appropriately, and China must take ... Read more | Comments