China Central Bank Continues Gold Buying Spree for 17th Consecutive Month
The People's Bank of China has continued purchasing gold reserves for the 17th consecutive month, maintaining a sustained accumulation trend
The People's Bank of China has continued purchasing gold reserves for the 17th consecutive month, maintaining a sustained accumulation trend in precious metals. This extended streak of official reserve diversification reflects China's strategic effort to reduce reliance on US dollar-denominated assets and strengthen monetary reserves amid global economic uncertainty.
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