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Central banks may be forced to sell gold; India at risk: Chris Wood

According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.

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Chris Wood Jefferies | Chris Wood | Gold

Puneet Wadhwa  |  New Delhi 

Christopher Wood
Christopher Wood, global head of equity strategy at Jefferies

There is a growing risk of liquidation of gold in India caused by a lockdown-triggered collapse in economic growth, wrote Christopher Wood, global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear.

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First Published: Fri, May 15 2020. 10:23 IST
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