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Economy Economy

Bloomberg Retracts Incorrect Story on RBI Gold

Source: bloombergMarkets June 1, 2026 · 23:12
Bloomberg News retracted a story published June 2 that was based off an incorrect analysis by Bloomberg Economics. The analysis erroneously used same-day domestic gold prices to value RBI’s gold reserves. Using previous day’s London Bullion Market Association price shows that gold holdings were unchanged in May.
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