MANILA, Sept 5 (Reuters): The Philippine central bank will shift from passively holding gold to actively trading the precious metal with the aim of keeping it at around 10% of total international reserves, its governor said on Saturday.
The Philippine's reserves totalled US$98.6 billion as of the end of July, with gold accounting for 13%, thanks to an increase in international bullion prices, and giving the central bank an opportunity to sell some of its gold.
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