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Sentence Correction (SC) | A Swiss government panel recommended that the country sell

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Nevernevergiveup wrote:

A Swiss government panel recommended that the country sell about half of its goldreserves and this raised fears of other countries that do the same and inundate the market.

A Swiss government panel recommended X and this X resulted in Y.
or simply panel took x causing Y.

In given sentence,this is improperly used pronoun to refer the recommendation.
This pronoun also results in improper meaning.

In optionB. reserves, which, as a result, raised fears of other countries that

Which refers to

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