Argentina mulls increasing gold reserves

Argentina's central bank may increase its gold reserves as a hedge against inflation and to protect it against financial crises, according to Juan Ignacio Basco, the bank's head of market operations.

``We don't rule out increasing our gold holdings in the future, which would depend on the economic environment,'' said Basco, in an interview during a conference in London. ``Gold is recovering its role as an asset protecting the portfolio against inflation and international financial crises.''


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