China's Gold Buying Resumes Amid Global Economic Tensions

1 min read
Source: Bloomberg
China's Gold Buying Resumes Amid Global Economic Tensions
Photo: Bloomberg
TL;DR Summary

China's central bank resumed gold purchases in November, adding 160,000 fine troy ounces to its reserves after a six-month hiatus, as gold prices reached record highs. This move follows an 18-month period of consistent stockpile increases by the People's Bank of China, which had previously supported strong bullion prices.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

0 min

vs 1 min read

Condensed

36%

7749 words

Want the full story? Read the original article

Read on Bloomberg