China’s PBOC Adds Gold Again as Bullion Remains Under Pressure

🇨🇳 Bloomberg (CN) —

AI Summary

China's central bank, the People's Bank of China, continued accumulating gold reserves in May amid pressure on gold prices globally. This move reflects China's strategy to diversify assets and stabilize reserves.

China’s central bank extended its gold-buying streak in May, adding to holdings as prices of the precious metal remained under pressure.

Markets Commodities gold reserves China central bank PBOC commodities bullion prices

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