The Irish government has lost almost €40 million on gold since December. The sharp drop in the price of gold last week - the steepest in 30 years - was bad news for exposed fund managers and precious metal miners, but also for the government.
At the end of last year, it valued its gold reserves at €266 million. The same six-tonne gold holding was worth €227 million yesterday.
Gold hit a per-ounce low of €1,045...
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