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Gold May Have Been Manipulated Like Libor: Expert

Mon 09 Jul 12 | 02:10 AM ET
"It is effectively an intervention in two ways; one would be the fact that for central banks gold and silver going up doesn't make their currency look any good and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from," Ned Naylor-Leyland, investment director at Cheviot, told CNBC.
 
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