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Negativity about the global outlook is driving gold

Gold price is rising, yet central bankers are cutting gold purchases. Here's why.
Saturday, September 3, 2016 - 05:50

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BUBBLE IN BUBBLES: Mr Gross says central banks "all have mastered the art of market manipulation". In other words, lingering fear from 2008 and too much money chasing too few investments combine to pump up safe-haven assets, and excessively so.

BT_20160903_GROSS271U4_2473669.jpg
BUBBLE IN BUBBLES: Mr Gross (above) says central banks "all have mastered the art of market manipulation". In other words, lingering fear from 2008 and too much money chasing too few investments combine to pump up safe-haven assets, and excessively so.

THERE'S a certain irony to the Group of 20 (G-20) powers gathering in gold-obsessed China this weekend - just as they're turning against the yellow metal.

Not only is gold an auspicious colour, culturally, on the mainland, but the People's Bank of China has long been a major hoarder of

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