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Bescent: No plans to revalue gold reserves
"When it comes to sovereign wealth funds, I said, 'monetizing the balance sheet' is definitely not what I want," Mr. Bescent, the Treasury secretary, said of revaluing gold reserves. Pressed if he would discuss the issue, he repeated, "It's not what I want." Gold reserves are currently priced at $42.22 an ounce, the traditional official price from decades ago. Revaluing these assets based on current market prices could...
2025-02-20 14:17:44
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