Bloomberg Retracts Incorrect Story on RBI Gold
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...
By Jeanette Rodrigues · Bloomberg Markets
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.