China raises gold prices in unscheduled move

CHINA - China's central People's Bank of China (PBOC) raised domestic buying and selling prices of 99.99 percent pure gold by an average of 1.42 percent on Wednesday, an unscheduled move outside its regular weekly fixing.

A central bank official told Reuters the change followed the rise of gold prices on the international market. Spot gold climbed $3.00 in New York on Tuesday, a rise generated chiefly by commodity fund buying interest, dealers said.

China's central bank, which usually fixes prices

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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