China Halts Gold Buying for Second Consecutive Month
China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month […]
Go to Source
Author: Kevin Helms
Related posts:
- Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
- China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
- Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says
- Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’