China wary of a gold bubble

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A senior Chinese central banker said on Thursday that the country was mindful of the surge in gold prices this year and would keep an eye on the development of an asset price bubble in the market.

Hu Xiaolin, a deputy governor of the People's Bank of China, told reporters in Taipei that the central bank would keep soaring gold prices in mind when considering which assets to hold. "We must keep in mind the long-term effects when considering what to use as our reserves. We must watch out for bubb

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