Bloomberg Retracts Incorrect Story on RBI Gold
Bloomberg News has issued a retraction for a report published on June 2, which relied on a flawed assessment from Bloomberg Economics. The original analysis mistakenly valued the Reserve Bank of India’s (RBI) gold reserves using same-day domestic prices. However, an alternative calculation utilizing the previous day’s London Bullion Market Association (LBMA) price reveals that the central bank’s gold holdings remained stable throughout May.
Source: Bloomberg Generated at: 2026-06-02 06:12:15 UTC
