China buys gold for 23rd straight month as reserve strategy shifts
China's central bank bought gold for a 23rd consecutive month in September, adding to a reserve strategy that analysts say is aimed at reducing reliance on US dollar assets. The People's Bank of China also made its largest monthly purchase in nearly three years, according to the supplied report, underscoring the scale of the recent buying. The move comes as Beijing continues to diversify its official reserves and as households in China have also increased demand for the metal.The central bank added about 23 tonnes in September, taking its reported holdings to roughly 2,410 tonnes, according to the World Gold... [Continue Reading]
360LiveNews | 16 Oct 2026 13:32 LONDON
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