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Meanwhile it has emerged that Saudi Arabia’s central bank holds more than twice the amount of gold previously estimated.

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A June report by the World Gold Council, an industry group that tracks gold bullion holdings by nations the world over, showed that the gold reserve figure of the Saudi Arabian Monetary Agency (Sama) climbed to 322.9 tons, compared with 143 tons reported in March.

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Analysts …

Read the original article at Telegraph

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