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Sources: China Grants Gold Import Licenses to Foreign Banks for 1st Time

China has granted licenses to import gold to two foreign banks for the first time, sources said, as moves to open the world's biggest physical bullion market gather pace.   Allowing more banks to import gold could increase the supply of the metal into the country, easing local prices, which are higher than in most Asian nations.   China's gold imports more than doubled last year to over 1,000 tons - ousting India as the biggest buyer - as demand soared to unprecedented...

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