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Bank of England gold auctions under investigation

THE United Kingdom government's National Audit Office is investigating allegations that a series of gold auctions carried out by the Bank of England failed to maximise revenue, the <I>Independent on Sunday</I> newspaper reported.

MiningNews.Net

  The bank has held eight auctions, each of 25 metric tons. The auctions are announced in advance, and the National Audit Office will investigate whether this practice leads to an anticipatory fall in...

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