London gold auction ends but arguments continue

UK - The UK completed its sale on Tuesday of 400 tons of gold - a $3.5 billion stack almost as big as two London taxis.

The UK government's auctions of a large portion of its gold reserves, which finished yesterday, have proved a catalyst to rows over how appropriate such auctions are and gold's inherent role as a reserve asset for central banks.

The World Gold Council on Tuesday slated the U.K. Government over its gold reduction program in the wake of the final stage of the Bank of England's g

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