China’s PBOC Buys Most Gold Since 2023 as Bullion Swings

🇨🇳 Bloomberg (CN) —

AI Summary

China's central bank increased its gold purchases in June, marking the longest consecutive buying streak since 2015. This move highlights the People's Bank of China's strategy to diversify its reserves amid fluctuating bullion prices.

China’s central bank bought more gold in June, extending the longest buying streak since at least 2015 and underscoring a commitment to diversifying its reserves despite volatility in bullion prices.

World Markets Commodities China central bank gold purchases bullion prices reserve diversification

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