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Abu Dhabi

World news about “Abu Dhabi” published by euronews.

BUSINESS MIDDLE EAST | 28/07 09:00 CET

Golden shot: China shocks the commodities market with reserves revelation

Golden shot: China shocks the commodities market with reserves revelation

Gold appears to be losing its lustre after shedding 4% of its value in a turbulent week. Morgan Stanley indicated a worst-case scenario of a drop to less than $900 per ounce, and cited China as the source of the decline. China’s central bank had revealed its gold…