21
June
Saudi Arabian gold reserves double
21 June 2010 The Financial Times
Gold prices hit on Monday a fresh record high of almost $1,265 a troy ounce following the revelation that Saudi Arabia, the world’s largest oil exporter, is sitting on more than twice as much gold as previously thought, according to new estimates.
The disclosure points to the revival of bullion as part of emerging economies’ official reserves and comes as investors pour money into the yellow metal.
http://www.ft.com/cms/s/0/e97c15bc-7ca1-11df-8b74-00144feabdc0.html
