Bloomberg News: China's Central Bank Boosts Gold Reserves for Eighth Month

Article by Sybilla Gross in Bloomberg News

China added to its gold reserves for an eighth consecutive month, with economic and geopolitical risks as well as a desire to move away from the US dollar driving the purchases.

People’s Bank of China holdings of bullion rose by 680,000 troy ounces last month, according to official data released Friday. That’s equivalent to ......

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