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The investigation exposed that since 2012 25 gold bullion processors

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The gold price was trending weaker on Saturday after regulators uncovered huge fraud in the China's gold-backed loan market, increasing doubts about the true stages of China requirement for the steel.
On the Comex division of the New You are able to Mercantile Come back, gold futures trading for Aug distribution in midday company interchanged arms for $1,315.80 an ounces, down $6.80 from yesterday's near.Earlier on in the day gold moved a low of $1,306.80, after information that China’s primary auditor found 94.4 billion dollars yuan ($15.2 billion) of financial loans supported by falsified gold dealings.
The investigation exposed that since 2012 25 gold bullion processors created a mixed benefit of approximately $150 thousand from the financial loans.The Globe Gold Authorities, which a couple weeks ago tattooed a cope with the 510-member China suppliers Gold Organization to promote the steel, reports as much as 1,000 loads of gold may be tied up in www.rsgpfast.com."

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