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MSN Money: Gold Rallies with the Euro

LONDON, 12 January 2012 - Comment from No.1 gold ownership service BullionVault features today in a gold-market report published on MSN Money, part of the world's 13th most popular website.

"Monetary policy in China is a question mark for gold," says TheStreet's chief reporter Alix Steel in the syndicated article, after interviewing Adrian Ash, BullionVault's head of research, by phone from New York.

"On the surface, Chinese demand is bullish for gold...Ash warns, however, that the amount of gold China is importing could slowly become a problem. If China's trade surplus shrinks or if it goes into a deficit, Chinese authorities might get worried about sending more money overseas and how much gold buying is adding to its trade deficit, potentially forcing the government to cut down on imports."

You can read Adrian's comments in the full report at MSN Money.


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Source: 
MSN Money